Shinkong Financial Holding Co (
Shinkong Financial's January-August earnings per share (EPS) ranked second-highest out of the 14 financial holdings firms in Taiwan, after Cathay Financial Holding Co's (
The financial holdings' flagship affiliate, Shinkong Life Insurance Co (
The insurer's overseas investment rose to NT$3.11 billion, or 34.75 percent of its total investment of NT$8.95 billion last month, approaching the regulatory ceiling of 35 percent, the company said.
Shinkong Financial is expected to roll out its first real estate investment trust (REIT) products valued at more than NT$10 billion by the year-end when the Financial Supervisory Commission gives a green light after a review.
An REIT is a company that purchases and manages real estate or real-estate loans, using money provided by shareholders. REITs pay out almost all the income the company earns in dividends, making it attractive to investors seeking regular returns with the possibility of capital gains.
Shinkong's REIT is backed by the financial holdings' four buildings including Shinkong Jasper Villa Tienmu (
Cathay Financial, the nation's biggest financial services company, said on Wednesday that its NT$13.9 billion REIT drew more than three times that amount in demand.
Cathay plans to start trading its REIT on the Taiwan Stock Exchange late this month or early next month, the company said in a statement at the time.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
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