Outlook positive: report
The outlook for aluminum solid capacitor makers appears positive next year, the Chinese-language Commercial Times reported yesterday, citing industry watchers. The report said the positive outlook is due to sufficient orders from clients and tight supply of aluminum foil. The shortage of aluminum foil could continue into next year for aluminum solid capacitor makers because of the Chinese government’s strict control over aluminum foil wastewater, which could cause smaller vendors to withdraw from the market, the report said. Moreover, strong demand for aluminum solid capacitors in the automotive electronics sector might add more pressure to the supply situation, it added.
Kinik to form joint venture
Kinik Co (中砂), which makes abrasives and reclaimed wafers, yesterday said it plans to form a joint venture with Japan’s Nihon Yamamura Glass Co Ltd in a bid to expand its molding glass business, according to a company filing with the Taiwan Stock Exchange. Kinik did not provide a detailed timetable for the venture in the filing. The new joint venture is to be established in April, according to a statement Nihon Yamamura Glass posted on its Web site. Nihon Yamamura Glass is to hold a 70 percent share of the new company, while Kinik would own 30 percent, the statement said. The joint venture is to be located in Hsinchu. For the first half of this year, the wafer sector remained the largest contributor to Kinik, providing nearly 44 percent of the Taipei-headquartered company’s revenue, while molding glass contributed less than 1 percent, company data showed. Kinik shares fell 1.03 percent to close at NT$86.5 in Taipei trading yesterday.
India launches trade probe
India yesterday launched a probe into solar cell and solar module importers to find out whether the increase in the imports has hurt local manufacturers due to unfair competition after the Indian Solar Manufacturers’ Association requested such a probe, the Ministry of Economic Affairs said in a statement yesterday. It is the latest step taken by India after it launched an anti-dumping investigation into solar cell importers from China, Taiwan and Malaysia. Taiwan exported US$51.45 million of solar products, primarily solar cells, to India last year, accounting for 1.79 percent of the market, the ministry’s statement said, citing statistics from Indian customs. China, Malaysia and Japan were the top three solar importers to India last year, the statistics showed. India is the world’s third-largest solar market after China and the US.
China Airlines wins award
China Airlines Ltd (中華航空) yesterday said it had been named “Best Airline in North Asia” for the fifth year in a row in a survey by travel magazine Global Traveler earlier this month. The airline has embraced constant innovation in aviation technology, safety, convenience, comfort and entertainment, according to the survey, which is now in its 14th year. Also the winner of the “Best Business-Class Seat Design” award for the third consecutive year, the carrier would be especially appealing to business travelers, the magazine said. The airline said it is working to expand its global network. The firm plans to launch non-stop flights between Taipei and Ontario, California, in the spring.
The Financial Supervisory Commission (FSC) has deferred the implementation of the Basel III standards and capital requirements for “domestic systemically important banks” to ease their capital pressure so they can concentrate on helping businesses affected by the COVID-19 pandemic, FSC Chairman Thomas Huang (黃天牧) said yesterday. The Basel III standards were set by the Basel Committee on Banking Supervision (BCBS) and were originally to take effect on Jan. 1, 2022. They have stricter capital requirements and adopt different approaches to calculating risks. However, the implementation of the standards would be delayed by one year in line with the revised timeline announced by
Phoenix Silicon International Corp (昇陽半導體) yesterday said strong demand from customers means it would maintain its capacity expansion plan for this year. The silicon wafer recycler, which counts Taiwan Semiconductor Manufacturing Co (台積電) among its major customers, next quarter plans to add a capacity of 60,000 12-inch wafers per month, bringing its total capacity to 300,000 wafers a month. “Phoenix Silicon is enhancing its smart manufacturing capabilities and actively expanding 12-inch capacity at an existing fab to satisfy customer demand,” Phoenix chairman Mike Yang (楊聰敏) said in the firm’s annual report. Phoenix is also evaluating the feasibility of building a second fab
LOCKDOWN LETHARGY: Despite the overall 3.51 percent increase, the automobile and auto parts sector posted its largest year-on-year decline since the 2009 global crisis The nation’s industrial production increased 3.51 percent year-on-year last month, the third consecutive month of annual growth despite the effects of the COVID-19 pandemic, Ministry of Economic Affairs data showed yesterday. Output from the manufacturing sector, which makes up more than 90 percent of industrial output, expanded by 4.15 percent, largely due to demand for electronic components, the data showed. “Demand for electronic components remains robust due to new technologies and services, such as 5G, the Internet of Things, cloud computing and high-performance computing,” Department of Statistics Director-General Wang Shu-chuan (王淑娟) told a news conference in Taipei. Demand for servers, laptops, and network
EQUITIES TAIEX rebounds after slump The TAIEX yesterday staged a moderate technical rebound following Friday’s slump as bargain hunters bought into select market heavyweights, especially in the bellwether electronics sector. However, turnover remained thin as many investors stayed on the sidelines to see how tensions between Washington and Beijing play out after China unveiled plans to implement national security legislation in Hong Kong to tighten its grip on the territory, dealers said. The TAIEX closed up 60.03 points, or 0.56 percent, at 10,871.18, on turnover of NT$146.074 billion (US$4.86 billion). Foreign institutional investors sold a net NT$4.57 billion of shares, Taiwan Stock