Acer Inc (
Acer hopes to become a worldwide powerhouse in information technology services, software and sales of its brand-name products, including personal computers, notebook PCs, personal digital assistants and other computer-related products.
"Acer operations have just become too big and too complex," chairman Stan Shih (
The company also manufactures personal computers and notebook PCs for multinationals such as International Business Machines Corp (IBM). Acer products compete with its own customers, often creating friction.
In response, Acer has separated the contract manufacturing arm of the company into a separate business unit called Wistron. Acer plans to sell off over half its stake in Wistron this year. It plans to lower its total holding in Wistron to around 30 percent by the end of 2003.
Acer has already shifted some notebook-PC orders from Wistron to Compal Electronics Inc (
The company expects sales to reach NT$101 billion this year, up by around 30 percent year on year and putting it in the same league as other top contract manufacturers in Taiwan, such as Quanta Computer Inc (
Wistron expects that new orders from companies such as Dell Computer Corp (for computer parts) and Microsoft Inc (for Xbox game consoles) will replace orders that formerly came from Acer.
Including subsidiary companies, executives at Wistron said the group could see sales as high as NT$120 billion to NT$130 billion. AOpen Inc, Wistron Newave Corp, Wistron Nexus Inc, Anextek Global Inc, Wistron Software Corp (宏創) and Playcoo Corp are all members of the Wistron group of companies.
Last year, Wistron had net sales of NT$74.8 billion (US$2.2 billion), while the Wistron Group had combined sales of NT$96 billion, according to the company.
MARKET BOOST: Elon Musk said Tesla would resume bitcoin transactions once there is ‘reasonable’ clean energy usage by miners and denied selling a big part of his holdings Bitcoin yesterday hit a two-week peak just shy of US$40,000, after another weekend reacting to tweets from Tesla Inc chief executive Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin, but might resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a US$1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric vehicle maker would not accept bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change. “When there’s confirmation of reasonable
China Steel Corp (中鋼), the nation’s biggest steelmaker, yesterday said that it would not be raising prices for some products next month, ending 12 consecutive months of increases. “There is a discrepancy between China Steel’s prices and international prices, but in consideration of price stability, we have decided not to adjust upward monthly-priced products,” the company said in a statement. That means the price of hot-rolled steel plates, hot-rolled steel coils, cold-rolled steel coils and other monthly-priced items would not change next month. However, the cost of other items priced seasonally would be going up, the company said, adding that prices of products
Synopsys Inc, a US-based electronic design automation solutions provider, yesterday said that it has signed up more than 20 of its clients for the latest device made using the most recent advanced process developed by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). Synopsys’ DesignWare IP, which is used by designers of integrated circuits, has been used by more than 20 clients in a wide range of industries, including automotive electronics, artificial intelligence, high-performance computing devices and servers, the company said in a statement. The DesignWare IP solution was made using TSMC’s advanced 5 nanometer process, its latest technology, which the semiconductor giant launched
MOVING ON UP: Taiwan improved in all four areas measured by the IMD, making its biggest leap, from 17th to sixth place, in economic performance Taiwan moved up three spots from last year to place eighth, its best performance since 2013, in the latest annual world competitiveness rankings, released yesterday by the International Institute for Management Development (IMD). Innovation, digitalization, welfare benefits and social cohesion are critical to economic performance, with Switzerland, Sweden, Denmark, the Netherlands and Singapore making up the top five on the list this year, the Switzerland-based institute said, after grading 64 countries and regions based on economic performance, infrastructure, and government and business efficiency. “Leading performers are characterized by varying degrees of investment in innovation, diversified economic activities and supportive public policy,” IMD