Taiwan Land Development Corp (TLDC, 台灣土地開發) yesterday posted net income of NT$475 million (US$16.3 million) for last year, nearly double its 2016 income, as investments in different parts of the nation started to bear fruit.
The results translated into earnings per share of NT$0.63, the Taipei-based developer said in a statement, adding that revenue grew to NT$768 million.
The company, known as Taikai Group (台開集團) abroad, used to focus on building industrial parks for the government, but has expanded its business interests to the development and operation of creative parks, hotels, retail spaces and residential complexes in Hsinchu, Nantou, Hualien and Kinmen counties.
Wind Lion Plaza (風獅城) in Kinmen, a shopping mall and build-operate-transfer venture with the county government, saw its revenue grow by 20 percent last year, the statement said.
An increase in visitors from Xiamen, China, accounted for the strong showing, even though the number of Chinese visitors to Taiwan continued to decline last year, it said.
The company in January inaugurated a Taoist temple in Hsinchu, the first phase of an ambitious project to turn a long-idle hillside into a religious and cultural park, as well as a residential complex.
The group is to open part of a digital entertainment facility called New Paradise (新天堂樂園) in Hualien next quarter, which is to feature assorted sports activities, as well as augmented-reality and virtual-reality games, the statement said.
The developer is building a 183-room hotel next to a shopping mall made of retired shipping containers in Hualien under its Fun House (樂多坊) brand, it said.
ENERGY ISSUES: The TSIA urged the government to increase natural gas and helium reserves to reduce the impact of the Middle East war on semiconductor supply stability Chip testing and packaging service provider ASE Technology Holding Co (日月光投控) yesterday said it planned to invest more than NT$100 billion (US$3.15 billion) in building a new advanced chip testing facility in Kaohsiung to keep up with customer demand driven by the artificial intelligence (AI) boom. That would be included in the company’s capital expenditure budget next year, ASE said. There is also room to raise this year’s capital spending budget from a record-high US$7 billion estimated three months ago, it added. ASE would have six factories under construction this year, another record-breaking number, ASE chief operating officer Tien Wu
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
TECH WINNERS: Taiwan and South Korea reported robust trade, which suggests that they have critical advantages in the rapidly expanding AI supply chain, an official said Exports last month surged to a new high, as booming demand tied to artificial intelligence (AI) infrastructure fueled shipments of advanced technology components, underscoring the nation’s pivotal role in the global semiconductor supply chain. Outbound shipments climbed to US$80.18 billion, the highest ever for a single month, rising 61.8 percent from a year earlier and marking the 29th consecutive month of growth, the Ministry of Finance said yesterday. “The surge was driven primarily by global investment in AI infrastructure,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) said. The mass production of next-generation AI computing systems has accelerated procurement across the semiconductor supply
RSS