Lenovo Group, China's largest personal computer (PC) maker, plans to raise its purchasing in Taiwan to over US$5 billion this year after it completes a merger with IBM Corp in June, a Chinese-language press report said yesterday, citing Lenovo's Taiwan chief Lu Chien-chun (
The new Lenovo's amount of purchases will see an "active increase" after the company's international purchasing office (IPO) in Taiwan merges with IBM's IPO in the nation in June, the report cited Lu as saying.
The two companies' combined released around US$4.6 billion-worth of orders to Taiwanese suppliers last year, with IBM, which was the nation's fifth largest foreign buyer, purchasing US$3 billion PCs and Lenovo, which is ranked sixth, spending the remainder, according to figures from the Ministry of Economic Affairs.
An official from Lenovo said yesterday that the company could not comment on the report.
"We would of course continue to strengthen cooperative relations with Taiwan's suppliers after the merger," Angela Lee, Lenovo's media contact based in Hong Kong, told the Taipei Times yesterday.
"We do not disclose our purchasing amount, based on company policy," Lee said.
Lenovo's Taiwanese suppliers include Elitegroup, Gigabyte Technology Co (
IBM's Taiwanese suppliers include Quanta and Wistron, which manufactured half of its 4 million laptops shipped this year and Universal Scientific Industry Co (
Lenovo also plans to start selling its PCs and consumer electronics, such as MP3s, in Taiwan in the second half of this year, the report said.
Lenovo agreed to pay US$1.25 billion for IBM's PC unit in a deal that made the Chinese company the world's third-largest PC maker and gave it a globally recognized brand.
Lenovo was the world's eighth-biggest PC maker before the purchase, which will raise to about 7 percent the company's share of the US$183 billion global market dominated by the US manufacturers Dell Inc and Hewlett-Packard Co.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,
RSS