AUO profits soar on high panel prices
REBOUND:
During the first quarter, the company’s net income was NT$27 billion, a significant improvement over the more than NT$5 billion in losses last year
By Lisa Wang AU Optronics Corp (AUO, 友達光電), the world’s third-largest maker of liquid-crystal-display (LCD) panels for computers and TVs, reported yesterday its second-highest net profits after prices for panels used in TVs rebounded.
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HSBC doubtful cap lift will matter
RIPPLE EFFECT:
Economists believe Taiwan faces a two-pronged threat to its economy amid a US economic slowdown and its impact on Chinese financial markets
By Joyce Huang One day after minister-designate of economic affairs Yiin Chii-ming (尹啟銘) vowed to lift the 40 percent capital cap on China-bound investment immediately after he takes office next month, an HSBC economist said yesterday that the policy may not affect the local economy at all.
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Macronix reports healthy income growth
By Kevin Chen Macronix International Co (旺宏電子) said yesterday its net income had grown 30.91 percent to NT$720 million (US$23.77 million), or NT$0.24 earnings per share, in the first quarter on higher shipments. The earnings per share were NT$0.19 a year ago.
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NT dollar hurts net income at Largan
By Jerry Lin Largan Precision Co (大立光), the nation’s leading maker of camera lenses, saw net income drop 16 percent to NT$583.75 million (US$19.27 million) last quarter from the same period the previous year as a result of the appreciation of the New Taiwan dollar.
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Winbond and Qimonda adjust chip agreements
MAKING CHANGES:
Winbond will use the European company’s 65-nanometer Buried Wordline to make and supply memory chips, canceling a previous agreement
By Lisa Wang Local memory chipmaker Winbond Electronics Corp (華邦電) said yesterday it has inked an agreement with Qimonda AG to make and supply computer memory chips at its plant using the European company’s advanced technology by the end of this year.
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Ministry launches toy inspections
Following the US’ recent recall of fake children’s teeth and push toys imported from China, the Ministry of Economic Affairs (MOEA) launched a six-month campaign to determine whether any of the products are sold in Taiwan.
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Hynix to buy 2% stake in Phison for NT$346.5 million
Hynix Semiconductor Inc, the world’s third-largest maker of memory chips used in electronics, plans to buy a 2 percent stake in Taiwan’s Phison Electronics Co (群聯電子) for NT$346.5 million (US$11 million) and jointly develop storage device chips.
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Business Briefs
Shares slip 0.51 percent
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