Chi Mei posts 69% gain
Chi Mei Optoelectronics Corp (奇美電子), the nation's second-largest flat-panel maker, announced yesterday that its consolidated revenue for last month increased 68.41 percent year-on-year to NT$32.96 billion (US$1.01 billion), driven by robust shipments.
Shipments for its thin-film transistor liquid-crystal displays (TFT-LCDs) last month amounted to 5.49 million panels, up by 60.65 percent from a year ago, the firm said.
For the third quarter, Chi Mei posted consolidated revenue of NT$88.21 billion, a 80.81 percent increase from the same period last year, it said. Shipments amounted to 15.1 million panels, a 63.71 percent rise from a year ago.
LG in deal with unnamed firm
LG Electronics Inc, the world's fifth-largest LCD television maker, plans to sign an outsourcing agreement to have a Taiwan-based company make LCD TVs to cut production costs.
The firm would likely make 500,000 LCD TVs a year for LG, said Judy Pae, a spokeswoman for Seoul-based LG, by telephone yesterday without naming the company or giving financial details.
The firm would make LCD TVs measuring more than 30 inches that LG plans to sell in the US market, Pae said.
Record sales for Quanta
Quanta Computer Inc (廣達電腦), the world's largest maker of laptops, posted record sales and shipments last month.
Parent company sales, excluding affiliates, climbed 77 percent to NT$78 billion (US$2.4 billion) last month, from NT$44.2 billion a year earlier, Quanta said in a statement.
Notebook-computer shipments rose to 3.1 million, surpassing the previous record of 2.9 million set last month, the company said.
Consolidated sales, including affiliates, were NT$79.5 billion last month, the statement said, without providing year-earlier figures.
Taiwan Mobile announces deal
Taiwan Mobile Co (台灣大哥大), the nation's second-largest telecom operator, yesterday said it has signed an agreement with China's Hurray! Holdings (華友世紀) to buy a digital content developing unit for US$5.3 million in cash.
Taiwan Mobile said it planned to buy Beijing-based Hurray! Times Communications (華友時代通信技術) via an overseas venture capital affiliate TWM Holdings Co.
Hurray! Times Communications develops and designs digital contents for mobile devices. The deal still needs the approval from the regulators from Taiwan and China.
Chunghwa kills injunction
Chunghwa Telecom Co (中華電信) yesterday said it had withdrawn an injunction request against local electronics component supplier Hon Hai Precision Industry Co (鴻海精密) stemming from an intellectual property dispute.
Hon Hai also removed an injunction request from a local district court, the telecom operator said in a filing to the Taiwan Stock Exchange yesterday.
Last month Chunghwa Telecom filed the counter injunction to block Hon Hai's request that the phone company stop leasing set-top boxes that may infringe on patents to Internet TV users.
Hon Hai had said that the set-top boxes Chunghwa Telecom bought from Hwa-Com Systems Inc (華電聯網) and made by Asustek Computer Inc (華碩電腦) had illegally used its patents.
Lite-On set to be No. 1
Lite-On Technology Corp (光寶科技) secured EU antitrust approval to buy Perlos Oyj of Finland and become the world's largest maker of mobile-telephone casings.
The European Commission, the EU's antitrust regulator in Brussels, announced its approval yesterday in a statement after reviewing the proposed transaction under a simplified procedure.
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
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
AVIATION: Despite production issues in the US, the Taoyuan-based airline expects to receive 24 passenger planes on schedule, while one freight plane is delayed The ongoing strike at Boeing Co has had only a minor impact on China Airlines Ltd (CAL, 中華航空), although the delivery of a new cargo jet might be postponed, CAL chairman Hsieh Su-chien (謝世謙) said on Saturday. The 24 Boeing 787-9 passenger aircraft on order would be delivered on schedule from next year to 2028, while one 777F freight aircraft would be delayed, Hsieh told reporters at a company event. Boeing, which announced a decision on Friday to cut 17,000 jobs — about one-tenth of its workforce — is facing a strike by 33,000 US west coast workers that has halted production
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
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