Auto parts supplier Tsang Yow Industrial Co (倉佑實業) yesterday said it plans to invest about NT$200 million (US$6.53 million) on capacity expansion in China this year in a bid to increase its presence in the nation’s automatic transmission market.
The company, which makes automotive powertrain components for global brands, is to add several laser-welding production lines at its subsidiary in Wuxi, China.
“Some laser-welding lines are to enter mass production by the end of next month,” a Tsang Yow official said by telephone yesterday.
The official, who declined to be named, said the investment in laser-welding processes will help the company handle more orders for continuously variable transmissions (CVTs) components from Punch Powertrain NV, a first-tier CVT supplier.
CVTs can seamlessly transmit power from engines to wheels through a continuous range of gears, reducing fuel consumption in comparison with traditional automatic transmissions.
Belgium-based Punch Powertrain provides CVTs for major Chinese companies, including BAIC Automotive Group (北京汽車), Geely Automobile Holdings Ltd (吉利汽車) and Great Wall Motor Co (長城汽車), its Web site showed.
With the new production lines, Tsang Yow will be able to manufacture 80,000 sets of CVT components for Punch Powertrain per month in the near term, the official said.
The capacity expansion is in line with the company’s goal to increase revenue contribution from its Chinese subsidiary, the official added.
Total sales in China’s automatic transmission market are about NT$200 billion per year, with Tsang Yow taking up less than 1 percent of that amount, the official said, adding that the company hopes to increase its market share there.
The company aims to generate more than US$5 million per month in revenue at its Wuxi plant by the end of this year, the company said.
The plant generates sales of US$4 million per month, taking up nearly half of the company’s total sales, according to company data.
Capital spending for this year would be also used to improve efficiency of existing production lines in China, in response to soaring labor costs there, the company said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
CHINA RIVAL: The chips are positioned to compete with Nvidia’s Hopper and Blackwell products and would enable clusters connecting more than 100,000 chips Moore Threads Technology Co (摩爾線程) introduced a new generation of chips aimed at reducing artificial intelligence (AI) developers’ dependence on Nvidia Corp’s hardware, just weeks after pulling off one of the most successful Chinese initial public offerings (IPOs) in years. “These products will significantly enhance world-class computing speed and capabilities that all developers aspire to,” Moore Threads CEO Zhang Jianzhong (張建中), a former Nvidia executive, said on Saturday at a company event in Beijing. “We hope they can meet the needs of more developers in China so that you no longer need to wait for advanced foreign products.” Chinese chipmakers are in
POLICY REVERSAL: The decision to allow sales of Nvidia’s H200 chips to China came after years of tightening controls and has drawn objections among some Republicans US House Republicans are calling for arms-sale-style congressional oversight of artificial intelligence (AI) chip exports as US President Donald Trump’s administration moves to approve licenses for Nvidia Corp to ship its H200 processor to China. US Representative Brian Mast, the Republican chairman of the US House Committee on Foreign Affairs, which oversees export controls, on Friday introduced a bill dubbed the AI Overwatch Act that would require the US Congress to be notified of AI chips sales to adversaries. Any processors equal to or higher in capabilities than Nvidia’s H20 would be subject to oversight, the draft bill says. Lawmakers would have
RSS