The local chapter of the Christian charity World Vision said yesterday that Inventec Appliances Corp (英華達) had raised more than NT$4 million (US$122,000) in a one-month drive to help 1,335 disadvantaged students attending primary and junior high schools around the country.
From July 1 to July 31, the Taiwan-based manufacturer of smart handheld and network appliances partnered with World Vision to raise money through a “Love Loaf” coin donation program, mobile phone sales, donations from the company and its employees, as well as a World Vision account designated specifically for the cause.
World Vision Taiwan said it had already selected 710 primary school students and 625 junior high school students, who will receive tuition aid to help ease the financial burden on their families.
World Vision Taiwan said Inventec Appliances president Daniel Lee (李家恩) sent an internal message to encourage his employees to support the cause, saying many businesses have shut down or laid off workers because of the financial crisis. As a result, many low-income families lost their only source of income and were pushed deeper into poverty.
“Although they may not go hungry immediately, their children risk dropping out of school. Let’s do our small part to save these children from losing the only opportunity they have to break out of the vicious cycle of poverty,” Lee was quoted as saying in a press statement released by World Vision Taiwan.
Financial contributions from the Inventec Appliances appeal will be offered to students living in the cities and counties that recorded the highest jobless rates in the first half of the year — Taipei County, Taoyuan County, Taichung City, Taichung County, Nantou County, Tainan County, Kaohsiung City and Hualien County.
According to the Directorate General of Budget, Accounting and Statistics, the unemployment rate climbed to 5.94 percent in June, representing 647,000 people out of work.
This year, World Vision Taiwan plans to help finance 45,000 children in school.
NOTABLE SHIFT: By 2030, 50% of all laptops would be assembled in Southeast Asia, while Taiwan would still mostly focus on research and development, a report said Global laptop and desktop computer supply chains are expected to shift significantly away from China in the next 10 years, a Market Intelligence & Consulting Institute (MIC, 產業情報研究所) report said. By 2030, only 40 percent of global laptop production would remain in China, said the report, which was released on Thursday. “The reshuffling of the global supply chain will be one of the most important trends in the next 10 years,” the institute said in the report. “In the long run, key component makers will follow laptop assemblers in moving out of China.” The Taipei-based institute predicted most key component makers
Merck Group Taiwan yesterday said that it plans to invest substantially on expanding its fab in Kaohsiung’s Lujhu District (路竹) to better serve its local customers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The company said it plans to expand its production space by 50 percent in the next five years and its workforce by about 40 percent, Merck Group Taiwan managing director Dick Hsieh (謝志宏) told a media briefing in Taipei. Hsieh declined to disclose investment details, but said that the latest investment would exceed the total amount Merck has invested in Taiwan over the past few years. Those investments would be
Yageo Corp (國巨), the world’s third-largest supplier of multilayer ceramic capacitors, has formed a strategic alliance with Hon Hai Precision Industry Co (鴻海精密) to develop key electronic components for electric vehicles and digital healthcare, it said yesterday. The alliance is to help Yageo boost its revenue from high-end components for vehicles and industrial, medical and aerospace devices, as well as those used in 5G and Internet-of-Things devices, the company said. The companies signed the strategic alliance agreement at Yageo’s headquarters in New Taipei City’s Sindian District (新店). Their cooperation is to start this quarter, the companies said in a joint statement. “Through the cooperation
INVEST IN TAIWAN: A metal components casting firm and the world’s largest maker of aluminum bicycle rims also obtained approvals to join the program Solar Applied Materials Technology Co (SOLAR, 光洋應用材料), a part of Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) “green supply chain,” has pledged to invest NT$1 billion (US$34.1 million) to build a new plant at the Tainan Technology Industrial Park (台南科技工業區), the Ministry of Economic Affairs said yesterday. SOLAR has been collaborating with TSMC to extract precious metals from waste and reuse them as “sputtering target” material in high-end semiconductor manufacturing, a TSMC press release issued in May said. Established in 1978, SOLAR also offers key materials and integrated services to customers in the optoelectronics, information and communications technology, petrochemicals and consumer electronics industries,