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TSMC lowers revenue growth forecast

By Lisa Wang

Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday trimmed its revenue growth forecast for this year to about 10 percent, citing a downward trend in high-end smartphone demand and volatile cryptocurrency mining activities. The Hsinchu-based company in January estimated that revenue would rise by betweenFULL STORY

LCD prices to drop: IHS Markit

By Lisa Wang

LCD panel manufacturers are likely to swing into the red again from this quarter as aggressive capacity expansion in China aggravates a supply glut and puts greater pressure on panel prices, IHS Markit forecast yesterday. The increased capacity in the country is threatening to push theFULL STORY

Cardif Assurance sees record year

By Crystal Hsu

The local branch of Cardif Assurance Vie is seeking to further boost its gross written premium this year after achieving a record high last year, as stable economies at home and abroad continue to support sales, top-ranking officials said yesterday. Gross written premiums totaled NT$68 billionFULL STORY

Polaris advances cancer research with US partner

By Ted Chen

Polaris Group (北極星藥業集團) yesterday said its studies into using its new cancer treatment, ADI-PEG 20, in a combination treatment would be boosted by a newly formed partnership with a US cancer research center. The company has been invited to join the Immunotherapy group at the UniversityFULL STORY

Corporate earnings will trump volatility fears: DBS

By Crystal Hsu

Bullish global markets have yet to cool down, but volatility is on the increase amid concerns over monetary tightening and a possible global trade war, DBS Bank Ltd said yesterday. While equities have seen corrections, credit markets have proven resilient, which is reflected in stable corporateFULL STORY

El Salvador to expand local reach

El Salvador, probably best known for its high-quality coffee, is expanding its presence in the local handicraft market, aiming to attract more Taiwanese customers with its unique art crafts. “We hope to draw the attention of Taiwanese young women, especially those who like to wear exoticFULL STORY

AIDC not affected by tariffs: chairman

By Ted Chen

Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, on Wednesday downplayed the potential effects of a US-China trade war on its business. The company, a major supplier for aircraft and aircraft engine makers, would not be affected by USFULL STORY

QCT, Chinac ink deal on next-generation products

Quanta Cloud Technology (QCT, 雲達) has reached a strategic cooperation deal with Chinac.com (華雲資料), a Wuxi, China-based provider of cloud-computing services, as it eyes more business opportunities in China. Quanta Computer Inc’s (廣達) data center solution subsidiary on Monday said it plans to team upFULL STORY

Taiflex net income hits 25-quarter low after factory fire

Taiflex Scientific Co (台虹科技), which manufactures flexible printed circuit boards (PCBs) and solar backsheets, on Tuesday reported that net income last quarter dropped to the lowest level in 25 quarters, but its board has still decided to reward shareholders with the largest cash dividend inFULL STORY

Facebook forming team to design chips

Facebook Inc is building a team to design its own semiconductors, adding to a trend among technology companies to supply themselves and lower their dependence on chipmakers such as Intel Corp and Qualcomm Inc, according to job listings and people familiar with the matter. The socialFULL STORY

Taiwan Business Quick Take

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 aboutFULL STORY

China delays Qualcomm deal

Chinese regulators are seeking additional concessions from Qualcomm Inc before approving its proposed purchase of NXP Semiconductors NV, further complicating the long-delayed deal and possibly adding to trade tensions between China and the US. The proposed acquisition would substantially impact the technology industry and might negativelyFULL STORY

China rubber trade case stokes trade tiff

China yesterday announced it would impose temporary anti-dumping measures on synthetic rubber imported from the US, the EU and Singapore. The case could stoke the tit-for-tat trade tiff between Beijing and Washington, with each side having made threats of more duties on billions of US dollars’FULL STORY

Amazon Prime service hits 100 million paid subscribers

The ranks of people subscribing to Amazon.com Inc’s Prime service for speedy delivery of purchases and streamed television has topped 100 million, chief executive officer Jeff Bezos said on Wednesday in an annual letter. The high in subscriptions at Prime, launched 13 year ago, was amongFULL STORY

Researchers ‘teach’ robot to assemble an IKEA chair

Robots in Singapore have completed a task many humans dread — assembling flat-packed IKEA furniture. Sifting through pages of instructions and a jumble of screws and bolts to build the low-cost Swedish furniture might soon be a thing of the past given advances in technology, researchersFULL STORY

Hong Kong rates reach 2008 high after intervention

Hong Kong’s costly defense of its currency peg is starting to affect interbank rates. The Hong Kong Monetary Authority (HKMA) has mopped up HK$51.3 billion (US$6.54 billion) of local dollars since the currency hit the weak end of its trading band a week ago for theFULL STORY

P&G to buy Merck consumer health unit for US$4.21bn

Procter & Gamble Co (P&G) is to acquire the consumer health business of Merck KGaA for about 3.4 billion euros (US$4.21 billion), giving it vitamin brands such as Seven Seas, and greater exposure to Latin American and Asian markets. P&G, whose stable of brands include PampersFULL STORY

World Business Quick Take

UNITED STATES Businesses worried Despite continued economic growth, businesses and farmers are increasingly concerned about the trade spat with China, which already has pushed prices higher, a Federal Reserve survey released on Wednesday found. In the wake of the steep tariffs imposed last month by President DonaldFULL STORY

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