READY, WILLING, ABLE: No fund raising activities would be needed for the acquisition as Vanguard is cash-rich, with the equivalent of NT$12.19 billion on the books
By Lisa Wang
Vanguard International Semicon-ductor Corp (世界先進) yesterday said it planned to purchase a chip plant producing older-style 8-inch wafers from Winbond Electronics Corp (華邦電子) for NT$8.3 billion (US$251.1 million) to expand capacity amid growing demand.

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By Lisa Wang
Inotera Memories Inc (華亞科技), a joint venture between Nanya Technology Corp (南亞科技) and Qimonda AG of Germany that manufactures computer memory, is considering building a new advanced plant to drive growth. Qimonda was previously Infineon Technologies AG's DRAM division.

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By Jessie Ho
China Airlines Ltd (CAL, 中華航空), the nation's largest carrier, and France-based hotel management service provider Accor yesterday signed a contract for Accor to manage China Airlines' planned airport hotel under the brand name "Novotel."

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Asustek Computer Inc (華碩電腦), the world's largest maker of motherboards, and smaller rival Gigabyte Technology Corp (技嘉科技) yesterday announced that plans to form a NT$8 billion (US$242 million) venture have been shelved.

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OPEN ARMS: The financial regulator is considering letting qualifying foreign firms make initial offerings of corporate bonds on the nation's offshore bourse
By Amber Chung
In a bid to promote the nation's fledgling offshore bond market, the Financial Supervisory Commission said yesterday that it planned to allow branches of qualified foreign financial institutions to issue bonds on the foreign-currency denominated bourse.

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GLOBAL VIEW: Portfolio managers are cautious about the corporate profit outlook, but only 10 percent of those polled believe that a recession is likely in the next year
By Amber Chung
Investors around the world have reduced their risk appetite in the wake of the sell-off in stock markets last month, according to a survey on fund managers worldwide released by Merrill Lynch yesterday.

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By Kevin Chen
MiTAC International Corp (神達電腦), the world's largest contract maker of global positioning system devices, announced yesterday that it would acquire affiliate Tyan Computer Corp (泰安電腦) through a share swap to enhance its scale and operating efficiency.

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The nation's unemployment rate fell to 3.78 percent last month from 3.79 percent in January on declines in the number of temporary jobseekers, the Directorate General of Budget, Accounting and Statistics (DGBAS) said yesterday.

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■ Wall Street rally boosts TAIEX
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