Shares at seven-year high
Shares closed up 0.13 percent yesterday at a seven year-high, led by recent capital inflows and gains on Chinese markets, dealers said.
The TAIEX closed up 10.69 points at a new near seven-year high of 8,314.68, the highest level since the 8,411.88 points posted on July 19, 2000.
The market traded in a range between 8,313.59 and 8,376.97 on turnover of NT$168.01 billion (US$5.09 billion).
On the foreign exchange market, the New Taiwan dollar fell NT$0.009 to close at NT$33.021 against its US counterpart.
Turnover was US$850 million on the Taipei Forex Inc.
AUO releases new panel
AU Optronics Corp (AUO, 友達光電) yesterday unveiled the nation's first 65-inch full high-density 120Hz liquid-crystal-display (LCD) TV panel, which claims to possess cathode-ray tube and plasma-like image quality in motion picture response time.
In a release issued yesterday, AUO said it would debut its 65-inch panel at Display Taiwan 2007 at the Taipei World Trade Center between June 13 and June 15.
Sharp sues HannStar
Sharp Corp, the world's largest maker of LCD televisions, has sued HannStar Display Corp (瀚宇彩晶), claiming infringement of four patents covering LCD technology.
HannStar was using Sharp's inventions without permission and should be ordered to stop, Sharp said in a complaint filed today in federal court in Marshall, Texas. Sharp also asked the court to award cash compensation.
Sharp reached a technology licensing deal with Hannstar in January 2003 covering LCD panels. The deal expired on Dec. 31, and HannStar failed to pay due licensing fees, Sharp said.
HK buoyant, Taiwan not
Hong Kong's consumer confidence is at its highest point since 2005 and ranks fifth among 47 markets surveyed worldwide, according to an Internet poll by the Nielsen Company.
Indian consumers feel most confident, followed by those in Norway, Denmark, New Zealand and Hong Kong. The majority of consumers feel pessimistic about their financial state with consumer confidence in 35 of 47 markets falling, Nielsen said. The least confident consumers live in Europe, South Korea, Japan and Taiwan.
Quanta may beat prediction
Quanta Computer Inc (廣達電腦), the world's largest maker of notebook computers, said laptop shipments this year will probably rise more than the Taiwanese firm had forecast.
The company is aiming to increase shipments 50 percent this year, said Jason Lin (林群傑), head of investor relations at Taoyuan-based Quanta, confirming an earlier Reuters report. The company is "extremely confident" it will meet its 30 percent shipment growth forecast, he said.
Quanta said on April 26 that it expects to ship 25 million notebooks this year, up from 19.2 million last year.
CMC turns to bonds
CMC Magnetics Corp (中環), the world's biggest maker of recordable DVD discs, raised US$75 million from a private placement of convertible bonds after failing to get regulatory approval for a public sale, according to a sale document sent to investors.
Investors can convert five-year, zero-coupon securities for CMC shares at NT$11.37 apiece, 14 percent higher than Tuesday's closing price, the document said.
CMC is raising funds to buy raw materials overseas. The Taipei-based company has twice failed to get consent from the financial regulator to sell convertible bonds publicly.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
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