DIGITAL TREND: The IC firm forecast sales growth from the Greater China region to outpace industry growth, bolstered by China's 3G standard and digital broadcasting
By Lisa Wang
NXP Semiconductors, the second-largest chipmaker in Europe, expects revenues from the Greater China region to post double-digit growth next year, mainly because of growing demand for mobile phones and digital TVs during the Beijing Olympic Games, a company executive said yesterday.

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By Joyce Huang
Aviation experts yesterday lauded China Airlines Ltd's (CAL, 中華航空) decision to purchase 20 A350-900 aircraft from European manufacturer Airbus as a sound strategy to enhance the state-run airliner's fleet capacity.

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Taiwanese businesses have performed well in terms of globalization, with 18 Taiwanese firms ranking among the world's top 100 non-financial transnational corporations from emerging economies for 2005, Council for Economic Planning and Development (CEPD) officials said yesterday.

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Taiwan Financial Services Round-table (台灣金服會,TFSR) chairman Kevin Chien (簡鴻文) and secretary-general Mark Wei (魏寶生), arrived in Washington on Tuesday for talks on the prospects of a US-Taiwan conference aimed at boosting financial cooperation and exchanges between the two countries.

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MR TAIWAN: Citigroup's research head advised local firms to reach out to newer markets such as China and Eastern Europe to promote their brands
By Jerry Lin
Taiwan's technology sector is expected to move toward branded products, IC design and materials science in the next 12 years as it continues to mature and develop, a veteran industry watcher said yesterday.

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AU Optronics Corp (AUO, 友達光電), the nation's largest maker of liquid-crystal displays (LCD), said it had not yet made a decision on whether to build a more advanced factory.

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FALLING BEHIND: Small and medium sized shoemakers were driven out of business by larger, better operated firms as competition stiffens in the world's shoe capital
Nearly 1,000 Chinese shoemakers have gone bankrupt this year in southern China, unable to make ends meet under increasingly tough business conditions, state press said yesterday.

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HSBC Holdings Plc, Europe's biggest bank by market value, plans to open seven branches and hire 270 people in Japan by the end of next year for its personal banking operation.

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India remains the top destination for companies moving information technology (IT) services to lower-cost economies, but China, Russia and Brazil are catching up, a report released on Tuesday said.

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Unemployment stays low

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■ DISPLAYS

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