Flat panel maker AU Optronics Corp (AUC, 友達光電) said yesterday it was planning to build TV set assembly bases in Europe and the North America next year.
“AUO will make the investments through its subsidiary in China, BriView Technology Corp (景智科技), tapping the markets in Europe and America,” said AU Optronics spokesperson Hsiao Ya-wen (蕭雅文).
Paul Peng (彭雙浪), executive vice president of AUO’s Global Business Unit, said BriView was likely to establish TV set assembly facilities in the Czech Republic, where AU Optronics runs a flat panel assembly plant, but the joint venture was also considering other options.
In North America, Peng said, BriView may choose Mexico. The US will be an unlikely site for the new investment because of high production costs, he said.
BriView, which has been contracted by major global TV vendors to produce LED TV sets on an OEM basis, is expected to ship about 1 million TVs this year, less than the company had previously estimated.
Peng said BriView was expanding, however, to boost its monthly production capacity to 200,000 to 300,000 units in the near future.
In China, AU Optronics also operates flat panel assembly plants in Suzhou, Songjiang and Xiamen, while it is working with Chinese home appliance firms, such as Sichuan Changhong Group (四川長虹集團), Haier Group (海爾集團) and TCL Group, to run flat panel assembly facilities.
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
RSS