China, the world's largest mobile-phone market by users, said subscriptions rose to 296 million last month, exceeding the US population for the first time, as China Mobile (HK) Ltd and China Unicom Ltd boosted sales. \nThe nation added 5.4 million accounts last month, bringing new subscriptions this year to 27 million, the Ministry of Information Industry said. \nAt this rate, the percentage of Chinese people who own mobile phones may rise by 50 percent in less than two years, said CLSA Ltd analyst Francis Cheung. \n"There is still a lot of room there," Cheung said, who forecast the number of mobile accounts would rise to 334 million by the end of this year. \n"It's a huge country," Cheung said. \nChina, adding users at a rate of two every second, overtook the US, with a population of 293 million, as the world's largest mobile-phone market by customers in 2001, helped by rising affluence and falling call rates. \nStill, only one in five Chinese has a mobile-phone account, compared with one in two people in the US and about two in three in Japan. \nThe so-called penetration rate in the Philippines is about 30 percent. \n"There is no problem for China hitting at least levels similar to the Philippines," Cheung said. \nMobile services in China are provided by China Mobile, the world's biggest cellular operator by users, and China Unicom. \nChina Mobile's revenue of US$19 billion last year ranked third, after Britain's Vodafone Group Plc and Japan's NTT DoCoMo Inc. \nChina Mobile's sales may rise to US$25 billion in 2006, according to a Thomson Financial survey of 15 analysts. \nUnicom's sales may rise to US$12.2 billion in 2006, from US$7.9 billion last year, Thomson Financial said.
DISMAL OUTLOOK: A Citigroup analyst predicted firms face ‘the worst semiconductor downturn in at least a decade,’ due to inventory build and the potential of a recession Semiconductor stocks tumbled after Micron Technology Inc became the latest chipmaker to warn about slowing demand, triggering concern that the industry is heading into a painful downturn. In the US on Tuesday, the Philadelphia semiconductor index sank 4.6 percent, with all 30 members in the red, its biggest drop in about two months. In Asia, chip stocks from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to Samsung Electronics Co, SK Hynix Inc and Tokyo Electron Ltd slumped. Investors are growing increasingly skittish as the notoriously cyclical industry is hurtling toward a prolonged slump after years of widespread shortages that led to heavy
With a tantalizing array of satay chicken, wok-fried mud crab and chilled tiger prawns, the dinner buffet at Singapore’s Grand Hyatt hotel typically sets diners back about US$70. Those on a tighter budget and with an eye on sustainability can fill a box for one-tenth of that price. Across Asia, tech start-ups are taking food otherwise destined for landfill and providing discounted meals through mobile phone apps. About one-third of food is lost or wasted every year globally, and the mountains of waste are estimated to cause 8 to 10 percent of greenhouse gas emissions such as methane, the UN says.
MAJOR REVENUE CONTRIBUTOR: The company said that it expects revenue this year to increase annually due to an improved smart consumer electronics outlook Hon Hai Precision Industry Co (鴻海精密) yesterday said revenue this quarter would be flat from last quarter, despite new phone models launched by key customers, as the market faces weakening demand. The iPhone assembler, based in New Taipei City’s Tucheng District (土城), said it is cautious about its business outlook, given mounting uncertainty regarding geopolitical tensions, soaring inflation and COVID-19 flare-ups, but still expects revenue this quarter to be higher than the NT$1.4 trillion (US$46.67 billion) it reported a year earlier. The forecast came as the company posted record second-quarter net profit of NT$33.29 billion, up 12 percent year-on-year from NT$29.78 billion.
Yageo Corp (國巨) yesterday said that its revenue would drop by a low single-digit percentage this quarter from a historical high last quarter, as customers and distributors are holding back demand to concentrate on inventory digestion due to flagging smartphone and notebook computer demand. The world’s biggest supplier of passive components expects to take three to six months to reduce its inventory of commoditized passive components to a normal level of 100 to 110 days, from 130 days currently. Yageo would reduce its factory utilization rate for standard passive components to about 60 percent this quarter, from about 70 percent last quarter,