Xilinx to diversify risks
Xilinx Inc, one of the world's leading programmable-logic device makers, said it has no near-term adjustment on its partnership with either United Microelectronics Corp (UMC, 聯電) or Toshiba Corp, the company said in a statement released yesterday.
The US company's remark came after a recent article published in Asahi Shimbun of Japan that Xilinx plans to expand its strategic manufacturing relationship with Toshiba to around 30 percent of all Xilinx products.
"While it is an accurate statement that Xilinx plans to diversify risk in the future by having 70 percent of its products manufactured by a primary foundry partner and 30 percent by a secondary partner, the company has not announced any near-term plan to expand or change its current manufacturing agreements with either Toshiba or UMC, or to shift manufacturing allocation from its primary foundry partner UMC," the company said in the statement. Xilinx also explained that it reached an agreement with Toshiba in October last year that covers new product manufacturing on a 90nm process, while its long-term partnership with UMC encompasses multiple products and process nodes.
Minister: Don't hike oil prices
A series of explosions in London Thursday will unavoidably affect international oil prices, but now is not the right time for the Chinese Petroleum Corp (CPC, 中油) to hike prices in the domestic market, Economic Affairs Minister Ho Mei-yueh (何美玥) said yesterday. Ho made the remarks while answering questions from reporters after taking part in an academic seminar.
Although the CPC has the power to decide on its own whether to increase prices to reflect rising costs due to skyrocketing world oil prices, Ho said she hopes that the CPC will refrain from hiking its prices at a time when global oil prices remain unstable, noting that the state-run company is responsible for stabilizing oil prices in the domestic market. Record high oil prices in the global market in recent weeks have stirred up grave public concerns that the CPC might hike prices at home.
The Bureau of Energy under the Ministry of Economic Affairs forecast that oil prices will reach an average of US$60-US$70 per barrel this month, saying that this will put the pressure on for price hikes in Taiwan.
Hon Hai sales surge
Hon Hai Precision Industry Co (鴻海精密), the nation's biggest electronics company, said last month's sales rose 55 percent from a year earlier. Revenue surged to NT$47.2 billion (US$1.47 billion) from NT$30.5 billion in June 2004, the Taipei-based company said yesterday in a filing to the Taiwan Stock Exchange. Sales rose from NT$44.5 billion in May.
AU Optronics sells 30m ADRs
AU Optronics Corp (友達光電), the world's third- largest maker of flat-panel displays used in computers and televisions, said it filed with the US Securities and Exchange Commission to sell 30 million American Depositary Receipts.
Each ADR will represent 10 common shares of AU Optronics. Goldman Sachs International is expected to be the lead underwriter for the offering, AU Optronics said in a statement today.
NT dollar continues to fall
The NT dollar continued weakening against the US dollar on outflows of foreign funds and steep oil prices, dealers said. The local currency declined NT$0.045 to close at NT$32.115 against the greenback on the Taipei foreign exchange market. The local currency has dropped 1.35 percent over the week against the greenback, after it finished at NT$31.687 a week ago. Turnover was US$724 million, from US$1.07 billion the previous day.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
Protectionism: US trade chief Katherine Tai said the hikes would help to counter unfair trade practices from China, while boosting domestic clean energy investments US Trade Representative Katherine Tai (戴琪) defended stiff tariff hikes against countries such as China, saying that paired with investment, they were a “legitimate and constructive” tool for reinvigorating domestic industries. Tai’s comments come a week after sharp tariff increases on Chinese electric vehicles (EVs), EV batteries and solar cells took effect — with levies down the line on other products also recently finalized. The latest moves targeting US$18 billion in Chinese goods come weeks before next month’s US presidential election, with Democrats and Republicans pushing a hard line on China as competition between Washington and Beijing intensifies. In an interview on Thursday
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