Compal Electronics Inc (仁寶電子), the nation's second-largest notebook computer maker, said last month's sales rose 65 percent from a year ago to NT$20 billion (US$588 million), according to a Taiwan Stock Exchange statement. Sales rose from NT$12.2 billion in July last year.
Shares of Compal Electronics, whose stock has slid 27 percent this year, added NT$0.10, or 0.3 percent, to close at NT$31.80.
Compal Electronics said on Monday that it may spend as much as NT$4 billion (US$117 million) to buy back 100 million shares.
The Taipei-based company plans to buy the shares for as much as NT$40 each, it said in a filing to the Taiwan Stock Exchange. The buyback started yesterday and last through Oct. 9.
Quanta Computer Inc (廣達電腦), the world's largest notebook computer maker, said last week it plans to buy back as many as 20 million shares for as much as NT$65 each.
The company said yesterday its July sales declined 9 percent from a year ago to NT$23.0 billion (US$675 million). Sales dropped from NT$25.2 billion in July last year.
Powerchip Semiconductor Corp (
Powerchip, Taiwan's largest memory-chip maker, plans to buy the shares for as much as NT$30 each, the company said in a filing to the exchange late Monday.
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ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).
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