Pegavision to expand output
Pegatron Corp (和碩) contact lens subsidiary Pegavision Corp (晶碩) was yesterday quoted by the Chinese-language Apple Daily as saying that it is to add up to 20 new production lines at its plant in Taoyuan’s Guishan District (龜山) between now and the first half of next year in a bid to meet surging domestic and international demand for colored contact lenses. The report quoted Pegavision as saying that the expansion plan includes NT$700 million (US$23.18 million) in equipment purchases in the second half of this year. The firm plans to seek a plot of land to build a new plant in Taiwan in 2019, as space at the Guishan plant is expected to reach its limit next year, the report said. Pegavision is one of the top three contact lens makers in Taiwan. Its products are available in 20 nations, according to the company.
European imports approved
The European Chamber of Commerce Taiwan (ECCT) yesterday said it made progress on several issues during a meeting with Premier Lin Chuan (林全) and senior Cabinet officials. The premier said Taiwan would allow imports of beef from Sweden and the Netherlands. The Ministry of Transportation and Communications, as well as the National Communications Commission, also publicized plans to allocate spectrum for 5G telecommunications applications. The ECCT voiced support for the government’s efforts to promote renewable energy sources and added that ECCT members are ready to help increase their capacity. To that end, the chamber said the government needs to remove regulatory and financial obstacles first.
Nanya sells Micron shares
Nanya Technology Corp (南亞科技) yesterday said it has sold about 1.51 million shares of Micron Technology Inc for US$46.48 million in the latest disposal of the US memorychip maker’s shares. Nanya, the nation’s biggest DRAM chipmaker, is to book a disposal gain of US$20.32 million, it said in a filing with the Taiwan Stock Exchange. After the transaction, Nanya still holds a 3.83 percent stake in Micron, the statement said. It previously held a 6.37 percent share.
Japan risk exposure tallied
Taiwan’s risk exposure to Japan was tallied at NT$553.2 billion, the Financial Supervisory Commission said yesterday, following North Korea’s latest missile test. Insurers have the largest exposure at NT$300.79 billion in bonds and stock, followed by banks at NT$242.1 billion in lending and other investments. Securities brokerages have exposure of NT$10.29 billion, including proprietary trading and futures trading, as well as investment trust and consulting businesses.
Cherng Tay eyes TPEX debut
Cherng Tay Technology Co Ltd (誠泰科技), which makes adhesives and waterproofing materials, yesterday said in a filing with the Taiwan Stock Exchange that its board has approved a proposal to make its debut on the Taipei Exchange (TPEX). It is to hold a shareholders’ meeting on Oct. 26 to discuss the details, a separate filing said. Kaohsiung-based Cherng Tay — which has paid-in capital of NT$286.75 million — also has sales offices in China, Indonesia and Vietnam. Its sales have fallen 13.3 percent so far this year to NT$604.1 million, company data showed.
TV and online retailer Momo.com Inc (富邦媒體) yesterday said it has set up a new logistics subsidiary, Fu Sheng Logistics Co (富昇物流), to oversee the company’s extensive shipping operations. Leveraging Momo’s 23 satellite warehouses and distribution centers nationwide, Fu Sheng will be in charge of executing the retailer’s same-day shipment plan for deliveries in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Momo said in a press release. Seeking to further shorten its supply chain, the company is to set up another seven satellite warehouses and distribution centers by the end of the year. “Fu Sheng has a fleet of 200 couriers
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
US-CHINA TENSIONS: The company said that it supplies self-designed chips to the Chinese company and, as such, is not affected by the latest US export restrictions Macronix International Co (旺宏電子) said it does not expect its shipments of memory chips to Huawei Technologies Co (華為) to be affected by the latest US export restrictions on the Chinese tech giant. “As long as the company [Huawei] places orders, we will ship [chips], unless the [Taiwanese] government restricts all Taiwanese companies from shipping” to Huawei, Macronix chairman and chief executive officer Miin Wu (吳敏求) said on Monday in Hsinchu. The US Department of Commerce on Friday took a further step to block chip supplies from non-US companies to Huawei by requiring foreign semiconductor makers to get US government permission before
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to