TSMC sales up 4.4%
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday reported that sales for last month hit the second-highest monthly level in its history, after August’s, up 4.4 percent to NT$106.04 billion (US$3.49 billion) from a year earlier. Analysts attributed the growth to strong global demand for high-end smartphones and high-performance computing devices. In the first 10 months of the year, it posted NT$858.79 billion in consolidated sales, up 1.8 percent from a year earlier.
HTC touts Adidas job
HTC Corp (宏達電) has been working with the German footwear company Adidas AG to optimize its design and production process. Using its VIVE VR System and The Wild software, HTC has helped Adidas create a virtual space to asses, test and change designs, all in a 3D process, while the process becomes more cost-effective for the footwear company, HTC said. HTC’s consolidated sales last month fell 49 percent from a year earlier to NT$660 million. In the first 10 months, cumulative sales fell 57.65 percent to NT$8.86 billion from a year earlier.
Fulgent Sun sales up 66.9%
Shoemaker Fulgent Sun International Holding Co (鈺齊國際) on Friday said last month’s sales soared 66.9 percent year-on-year to NT$952 million, its highest-ever for October. It started shipments of spring and summer shoes last month and was optimistic about its business outlook for this quarter and early next year, Fulgent said in a statement. Sales in the first 10 months totaled NT$10.33 billion, up 30.05 percent from NT$7.95 billion in the same period last year and compared with the NT$10.07 billion for the whole of last year, it said.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and