EQUITIES
Koo allays fears on selling
Financial Supervisory Commission Chairman Wellington Koo (顧立雄) yesterday downplayed concerns about the selling of local shares by foreign investors, saying that from Jan. 1 to the middle of last month foreign institutional investors still registered a net fund inflow of about US$2 billion. Speaking at a meeting of the Legislative Yuan’s Finance Committee, Koo said the nation’s economic and stock fundamentals remain sound, while listed firms have released strong top-line figures.
COMPUTERS
Tul shares surge, end down
Shares of Tul Corp (撼訊) yesterday rose as much as 6.38 percent after the supplier of graphics cards on Wednesday reported that earnings per share surged from NT$2.33 in February to NT$3.82 last month, with unaudited first-quarter earnings per share hitting a record NT$10.3. Tul is a major beneficiary of rising demand for graphics cards for gaming computers and cryptocurrency mining, with first-quarter sales surging by 527 percent annually to NT$2.995 billion (US$102.08 million). However, by the end of the session the shares dropped by the daily maximum of 10 percent to close at NT$211.50.
MACHINERY
Chelic applies for issuance
Pneumatic components supplier Taiwan Chelic Corp Ltd (氣立) has applied with the Securities and Futures Bureau to issue up to NT$603 million in non-collateral convertible bonds to cope with investment needs. The issuance would be Chelic’s first domestic fundraising after debuting on the Taiwan Stock Exchange on Oct. 27, 2015. Fubon Securities Co (富邦證券) is to serve as the bookrunner for the three-year bonds, which are to be listed on the Taipei Exchange.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
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