Intel Q2 tops estimates
Intel Corp, the world’s second-biggest semiconductor maker, reported second-quarter results that topped analysts’ estimates on most measures and raised its full-year outlook. However, the stock slipped as some analysts saw signs that growth might slow at the end of the year. Net income rose to US$5.01 billion, or US$1.05 per share, in the second quarter ended June 30 from US$2.81 billion, or US$0.58 per share, a year earlier. Net revenue rose 14.9 percent to US$16.96 billion. For the current quarter, revenue would be about US$18.1 billion, plus or minus US$500 million, the company said on Thursday. That compares with an average analyst estimate of US$17.6 billion, though it fell short of some of the most bullish projections. For the full year, Intel increased its revenue target to a record US$69.5 billion.
Starbucks China sales slip
Starbucks Corp on Thursday said that a key sales figure in the US rose only modestly last quarter, as it struggles to find drinks other than the Frappuccino to attract customers. The coffee chain said sales grew 1 percent at established US locations. However, in China, the key sales figure declined 2 percent due to competition. For the quarter, the company reported a net income of US$852.5 million.
Disney joins straw ban
Walt Disney Co will eliminate single-use plastic straws and stirrers at all of its owned and operated locations by next year. The move would amount to a reduction of more than 175 million straws and 13 million plastic stirrers, the world’s largest entertainment company said on Thursday. Earlier this month, Starbucks Corp, which has plastic straws and stirrers in more than 28,000 coffee shops globally, said it would eliminate their use by 2020.
Renault net profit plummets
French auto giant Renault SA yesterday said its net profit shrank by nearly a fifth in the first half of the year, as a result of a lower contribution from strategic partner Nissan Motor Co. Earnings in the first six months of the year dropped 18.6 percent to just under 2 billion euros (US$2.3 billion), it said in a statement. Operating margin during the period increased to a record 6.4 percent of sales, the statement said.
Improbable gains financing
Improbable Worlds Ltd, a London-based virtual reality start-up, has netted new financing from Chinese gaming giant NetEase Inc (網易科技), in a bid to export its technology to China’s booming video game market. NetEase said it is investing US$50 million into Improbable. The Beijing-based company is also buying a similar amount of stock from shareholders, according to a person familiar with the matter.
Brazil asks end to surtax
Brazilian President Michel Temer has asked Chinese President Xi Jinping (習近平) to eliminate Chinese surtaxes on imports of Brazilian sugar and chicken. The two leaders are in Johannesburg attending the annual summit of the group of BRICS emerging economies. At a Thursday press conference Temer said he asked Xi to end the surtaxes so that Brazil could increase its exports. He added that Xi said he would study the possibility of allowing Brazil to also export soybean oil and meal.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and