MiTAC International Corp (
The share exchange ratio would be one MiTAC International share for 1.26 shares of Tyan Computer, Mitac International said in a filing to the Taiwan Stock Exchange yesterday.
MiTAC International owns around 35 percent of Tyan Computer, which specializes in the design and manufacture of system board products for both industrial servers and workstations. The two firms are both under parent company MiTAC Group (神通集團).
After the merger, MiTAC International will takeover all of Tyan Computer's operations, and Tyan Computer will no longer exist as a separate entity, the filing said. The planned acquisition is expected to be completed by September this year, it added.
MiTAC International, which yesterday reported NT$4.39 earnings per share for last year, said synergy benefits of the proposed merger would start to develop in the fourth quarter, the Chinese-language www.cnyes.com Web site reported yesterday, citing MiTAC International president Billy Ho (何繼武) at a press briefing.
The Tyan acquisition is the second deal that MiTAC Group affiliates have announced in the past 10 days as it consolidates its businesses and resources to increase competitiveness.
On March 13, MiTAC Technology Corp (
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
A new worry has been rippling across the stock market lately: Entire businesses, not just their employees, might be thrown out of work. While most economists say fears of an artificial intelligence (AI) job apocalypse are overblown, seismic shifts have happened in the past after big tech breakthroughs. The IT revolution of the 1990s led to a surge in productivity that sped up the US economy for several years. It also rendered companies or even industries largely redundant — from travel agents and stockbrokers to classified advertising and newspapers, or video rental stores. Economists expect AI would deliver higher productivity,
RSS