Global Unichip Corp (
The company plans to sell 17 million existing shares, a fifth of its total stock, at a par value of NT$10.
The shares will be issued in Taiwan in the first quarter of next year, Chief Executive Officer Shih Ke-chiang (
The company has hired Mega Financial Holding Co (
Global Unichip, founded in 1998 and based in Hsinchu, expects earnings per share of as much as NT$3 this year, tripling last year's earnings. The company will hire 100 people, Shih said.
The company expects profits to grow in 2005 as it expands into the US and Japan, Shih said.
Global Unichip will help TSMC, the world's largest supplier of made-to-order chips, compete with International Business Machines Corp, which offers design and manufacturing services, Shih said.
"Most of the new customers will be in the US and Japan," Shih said. Companies such as Japan's Sony Corp, which make and sell electronic gadgets, will be the main new clients for Global Unichip and TSMC, he said, without confirming whether Sony is now a customer.
Global Unichip's designs can be used as building blocks to create so-called system chips that combine functions such as processing, memory and power management. System chips can help makers of handheld electronsic products because they are smaller and consume less battery power than other chips.
Global Unichip has adapted its designs so that they can be used in TSMC's manufacturing technology, helping customers cut costs and save time.
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