[ BUSINESS BRIEFS ]

Staff writer, with agencies

Mon, Feb 25, 2013 - Page 14

Hon Hai still in talks with Sharp

Hon Hai Precision Industry Co Ltd (鴻海精密), the major assembler of Apple Inc’s iPhone and iPad, said in a statement yesterday that the company was still in negotiations for a capital alliance with Japanese electronics maker Sharp Corp.

Hon Hai said in a filing to the Taiwan Stock Exchange that several media reports about the talk with Sharp being suspended were not true, but the company did not provide a timetable for when the two sides would complete the talks.

On Saturday, the Mainichi Shimbun in Japan said the two companies planned to suspend tie-up negotiations because of different opinions on cooperation in the field of small and mid-sized LCDs.

Meanwhile, the Sankei Shimbun in Japan said Sharp was considering measures including a public share sale to raise capital by about ¥200 billion (US$2.14 billion), without saying where it got the information.

Taiwanese deposit 7bn yuan

The central bank said on Saturday that 7 billion yuan (US$1.12 billion) was deposited by Taiwanese as of Feb. 22 after local banks were cleared to offer yuan-based business on Feb. 6.

A total of 46 banks, including 29 domestically registered ones, have launched yuan-denominated services, such as deposits, loans and remittances, after Taipei and Beijing set up a cross-Taiwan Strait currency-clearing mechanism.

Firms to invest in Taiwan

The Ministry of Economic Affairs (MOEA) on Saturday said it approved applications by two China-based Taiwanese companies to invest NT$263 million in Taiwan, which is estimated to create more than 400 jobs.

The ministry said the two companies are machine maker Manford Machinery Co Ltd (邁鑫機械) and game developer XPEC Entertainment Inc (樂陞科技).

Including Manford and XPEC, 22 China-based Taiwanese firms have since last year secured the ministry’s approval to invest in Taiwan.

These companies’ total investments are estimated to amount to NT$168.4 billion, which is forecast to create about 23,000 jobs, the ministry said.

HTC to partner with Mayday

HTC Corp (宏達電) confirmed on Saturday that it would partner with leading Taiwanese rock band Mayday (五月天) to promote its latest flagship smartphone, the new HTC One.

“We’re very happy to work with Mayday, and really look forward to the unique creative possibilities between the band and the new HTC One,” the company said in an e-mail interview.

Based in Taoyuan, Taiwan, HTC did not specify how it will be working with the award-winning band, saying only “please wait and see.”

Mayday’s agent said members of the band, who are currently on a world tour, have already started to upload pictures to social networking Web sites using the new HTC One, according to Chinese-language Apple Daily.

The contract was reportedly worth as much as US$1 million, the newspaper said.

Launched on Feb. 19, the HTC One is the latest in a series of new smartphones the Taiwanese smartphone maker has unveiled to seek regaining market share from stronger rivals Samsung Electronics Co and Apple Inc.

LED makers’ revenues rise

The total revenues of locally listed LED manufacturers increased last month, on the back of growing demand for smartphones and TVs, according to a market information advisory institute.

“The LED backlight panel market is starting to rise, and the revenue of Taiwanese upstream and downstream firms are also increasing impressively,” LEDinside said in a recent statement.

Taiwanese-listed LED makers reported NT$8.22 billion revenues last month, up 21.5 percent from the previous month and 39.9 percent from a year ago, the statement said.

As Samsung Electronics Co of South Korea plans to launch its new LED TV models in the second quarter of the year, a stocking effect will appear in the first quarter, LEDinside said.

The demand for smartphones is also increasing, resulting in companies stocking up on supplies, the institute said, projecting that global shipments will increase 28 percent this year as a result.