HTC to partner Tate Modern
HTC Corp (宏達電) yesterday announced a partnership with Tate Modern, London, to use its HTC Vive virtual reality (VR) headset at an upcoming Modigliani exhibition, the first of its kind at the Tate Modern. “We are always looking to push creative boundaries, and we think this will be a fantastic opportunity to give the public a different and in-depth understanding of this much-loved artist through new technology,” Tate Modern director Frances Morris said in a joint statement. The Modigliani exhibition is to open to the public on Nov. 23 and run until April 2 next year, the statement said. HTC’s partnership with Tate Modern on VR technology marks the Taiwanese company’s latest efforts to expand its Vive technology into arts venues and events around the world, including the Tribeca Film Festival in New York and the Venice Biennale in Italy.
Sales hit by warm winter
The combined revenue of the nation’s retail clothing and fabrics sector contracted 2.2 percent year-on-year to NT$115.8 billion (US$3.82 billion) in the first five months of the year, negatively affected by higher winter temperatures that dragged on the sales of winter clothes, the Ministry of Economic Affairs said yesterday. It was the first annual drop in the period since 2014, the Department of Statistics said in a statement. In addition to the weak sales performance of winter clothing, international fast-fashion brands’ slowing pace of outlet expansion also weighed on the year-on-year decline in revenue, the department said. Last year, the revenue of the retail clothing and fabrics sector rose 2.1 percent year-on-year to an historic high of NT$285.6 billion, mainly on growing demand for higher-priced functional clothing, the department said.
Students eye part-time jobs
Nearly 90 percent of university students are planning to work in temporary jobs during the summer holiday, hoping for an average monthly salary of NT$26,866, a yes123 survey said yesterday. The results showed that 88.4 percent of university students hope to have a part-time job during the summer vacation. The ratio hit a new high since 2012, exceeding the 86.2 percent recorded last year and 72.4 percent in 2015. The top five sectors in which students are seeking employment are hospitality and travel (38.8 percent), the general service sector (excluding hospitality and travel, 37 percent), culture (including tutoring, 25.4 percent), retail and trade (21.1 percent) and information technology and telecommunications (18.1 percent), the survey said. The survey found that 78.1 percent want to earn enough to pay their living expenses, while 72.4 percent want to save money. The survey was conducted from June 1 to June 15, with 1,316 valid samples. It had a margin of error of plus or minus-2.7 percentage points.
Hon Hai shares hit new high
Electronics manufacturing giant Hon Hai Precision Industry Co (鴻海精密) shares hit a six-year high yesterday, as foreign brokerages issued upbeat reports, urging investors to buy amid the manufacturer’s efforts to transform its business, dealers said. Hon Hai’s share price hit an intraday high of NT$121, the highest level since Feb. 9, 2011, when its shares closed at NT$120. Market capitalization of the shares breached NT$2.09 trillion in morning trading yesterday. The weighted index on the main board closed up 136.26 points, or 1.31 percent, at 10,513.96, the highest level in 27 years.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion