The ratio of bad loans, including loans under surveillance, fell slightly to 1.54 percent in July from 1.55 percent in June, the lastest banking statistics from the Financial Supervisory Commission showed yesterday.
Thirty-seven domestic banks loaned a total of NT$18.21 trillion (US$573.6 billion) as of the end of July, NT$280 billion of which became non-performing loans (NPL), the commission’s tallies showed.
Among them, Chinfon Commercial Bank (慶豐銀行) continued to hold the highest NPL ratio of 29.05 percent, followed by Cosmos Bank Taiwan’s (萬泰銀行) 4.82 percent, Bank of Panhsin’s (板信銀行) 3.78 percent and Jih Sun International Bank’s (日盛銀行) 3.59 percent, while the remaining banks kept a NPL ratio of less than 3 percent.
The commission yesterday said that it was keeping an eye on Chinfon Bank’s capital-raising plan, which, if it succeeds, would help turn around the bank’s asset quality.
Last year, Chinfon’s shareholders approved a capital-raising plan to inject NT$14.17 billion into the bank, but the lender has had problems locating new investors.
The commission’s statistics showed that the sector’s ratio of bad loans from cash-advance card borrowing declined in July for the 13th consecutive month to 4.64 percent — the lowest in two years — from 5.28 percent in June.
The number of effective cash cards in the sector totaled 1.21 million cards in July, compared with 1.23 million cards in June, and outstanding loans from the cards reached NT$99.5 billion, down NT$3.7 billion from June.
POTENTIAL SETBACK: Although Chinese chip designers and foundry firms already have US EDA software, they might be unable to update those programs under new US rules The US’ latest ban on advanced electronic design automation (EDA) software exports to China might hinder Chinese chip companies from accessing advanced semiconductor technology, as they attempt to upgrade to 3-nanometer processes in the next three to five years, market researcher TrendForce Corp (集邦科技) said yesterday. The US Department of Commerce’s Bureau of Industry and Security on Friday announced bans on EDA tools for gate-all-around field-effect transistors (GAAFET), a new-generation semiconductor technology that US chipmaker Intel Corp and Samsung Electronics Co from South Korea are adopting to make 4-nanometer and 3-nanometer chips. The bureau in a statement said that gate-all-around field-effect transistor
WIDENING THE FIELD: Human resources managers must drop prejudices regarding gender, appearance and age to find the best candidates, Micro Technology said The job market for Taiwan’s semiconductor industry remained tight this quarter, as hiring activity slowed from a record high last quarter, a survey released yesterday by online human resource firm 104 Job Bank (104人力銀行) showed. Ongoing labor shortages have prompted local semiconductor firms to recruit more women and foreigners in Taiwan and in Southeast Asia, the job bank said. The talent gap in the first quarter reached 35,000 people per month, a surge of 39.8 percent from the same period last year, as the contactless economy and digital transformation shore up demand for semiconductors, 104 Job Bank said in its annual report
POSITIVE CULTURE: Pursuing 12-inch wafers earlier than peers helped TSMC lead the industry, said a former executive, whose main regret was working for SMIC in China Corporate culture at Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is what made the chipmaker a leading player in the global industry, a former executive said in an interview with California’s Computer History Museum. “One of the really important reasons that TSMC succeeded” is the culture at the firm, where “if equipment went down at two o’clock in the morning, we just called an equipment engineer,” and the worker would not complain, said former TSMC joint chief operating officer Chiang Shan-yi (蔣尚義). “We didn’t really do anything special, anything great, but we didn’t make any major mistakes,” when compared with competitors, such
Cloud computing equipment company Wiwynn Corp (緯穎科技), which counts Meta Platforms Inc as one of its key customers, is boosting capacity expansion in Malaysia through a new investment of about NT$1.94 billion (US$64.7 million), it said yesterday in a statement filed with the Taiwan Stock Exchange. The investment, which aims to help the company with business development and strategic arrangements, would be made through subsidiary Wiwynn Technology Services Malaysia Sdn Bhd to build a new factory, Wiwynn said in the filing. The announcement came about one-and-a-half months after the company started phase II of its new server printed circuit board assembly (PCBA)
RSS