Lite-On approves dividend
Component supplier Lite-On Technology Corp’s (光寶科技) shareholders on Friday approved a NT$2.92 (US$0.094) per share cash dividend, for an 85.38 percent payout ratio on earnings per share of NT$85.38 for last year. Lite-On said it has streamlined and will focus on consistent profitability, steadier operations and higher returns on equity. The company reported a revenue drop of 19.98 percent to NT$14.8 billion for last month. Cumulative revenue in the first five months declined by 16.82 percent to NT$69.52 billion.
N America still volatile
North America-based manufacturers of semiconductor equipment posted US$2.06 billion in worldwide billings last month, according to last month’s Equipment Market Data Subscription report published by international trade group SEMI on Thursday. The billings figure was 7.4 percent higher than the April level of US$1.92 billion, but was 23.6 percent less than the US$2.69 billion reported a year earlier. SEMI president and CEO Ajit Manocha said in a statement that market volatility continues due to the macroeconomic environment.
Taiwan Coop wages up
State-run Taiwan Cooperative Bank (TCB, 合庫銀行) has raised wages by 4.53 percent on average since April. Lei Chung-dar (雷仲達), chairman of parent Taiwan Cooperative Financial Holding Co (合庫金控), said wage hikes for entry-level employees were even higher, averaging 6.67 percent. The bank has a workforce of more than 8,000 and posted a record-high net profit of NT$14.77 billion for last year, up from NT$12.91 billion a year earlier. Shareholders on Friday approved a cash dividend of NT$1.05 per share based on earnings per share of NT$1.24 for last year.
HEAVY INVESTMENT: Moody’s affirmed the firm’s ‘Aa3’ rating with a ‘stable’ outlook due to its leading position in the industry and ability to match customer requirements Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue this year is expected to increase about 21 percent to NT$1.29 trillion (US$44.01 billion) from NT$1.07 trillion last year, driven by strong demand for advanced 5-nanometer and 7-nanometer chips mainly used in smartphones and high-performance computing devices, a Moody’s Investors Service report on Wednesday said. TSMC’s rate of revenue growth next year is to increase to 7.5 percent, the ratings agency said. The company, which supplies 5-nanometer chips for Apple Inc’s new iPad series, has introduced the advanced chips ahead of its competitors and gained a significant share of the market for the foundry industry’s
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Taipei Times: When do you think the hospitality industry can return to how it was before the COVID-19 pandemic? How does Formosa International Hotels Group (FIH, 晶華酒店集團) fare this quarter and beyond? FIH chairman Steve Pan (潘思亮): The virus outbreak will have a serious impact on business travel, driven mainly by meetings, incentive travel, conferences and exhibitions over the past three decades. For the past six months, many businesspeople have grown used to exchanging information on the Internet, where more people can participate. The trend might sustain for three to five years until people are vaccinated and it is safe to