Uni-President Enterprises Corp (統一企業) may see its second Dream Mall (夢時代購物中心) become the largest shopping mall in the Greater Tainan area by the end of 2014 and turn a profit in the first year of operation.
The launch of T.S. Dream Mall (南紡夢時代購物中心) — in collaboration with Tainan Spinning Co Ltd (台南紡織) — is expected to provide more than 5,000 job openings, company executives said. It is also to be the only 24-hour mall in the nation.
“After receiving the building permit on September 12, the mall is scheduled to begin operations in the fourth quarter of 2014,” Tainan Spinning vice chairman Hou Po-ming (侯博明) told a press conference in Taipei.
Photo: Yang Ya-min, Taipei Times
A total of 108 brand-name tenants have signed a letter of intent to have either a counter or a shop in the 8,000 ping (26,400m2) mall, which is designed for 380 tenants, Hou said.
Vieshow Cinemas (威秀影城) are set to operate eight screens in the mall, while New Palace International Co Ltd (新天地餐飲集團) — a listed catering group in the local bourse — is to offer wedding banquet services in its restaurants in the mall.
Uni-President president Alex Lo (羅智先) said the cost of constructing and recruiting shops for T.S. Dream Mall has been much lower than that for the first Dream Mall in Greater Kaohsiung, which opened in 2007, given the company’s experience and resources.
This will make it easier and faster for T.S. Dream Mall to generate income for the company, Lo said, adding that he expects the mall may turn a profit in the first year of operation.
T.S. Dream Mall is to be built and operated by a joint venture between Tainan Spinning and Tungcheng Development Corp (統正開發), a subsidiary of Uni-President, with each taking 50 percent stake.
The joint venture, and the 380 tenants, are expected to invest more than NT$10 billion (US$340.08 million) in the mall, the company said in a statement.
The mall, as well as a 14,700 ping park, will be the first phase of the joint venture’s three-phase development plan in the region, the statement said.
For the second and the third phase of the plan, the joint venture it to develop offices and high-level residential quarters in the mall’s neighborhood, with Hotel Royal Group (老爺大酒店集團) also set to launch a hotel in the region, the statement added.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data
The Taiwan Automation Intelligence and Robot Show, which is to be held from Wednesday to Saturday at the Taipei Nangang Exhibition Center, would showcase the latest in artificial intelligence (AI)-driven robotics and automation technologies, the organizer said yesterday. The event would highlight applications in smart manufacturing, as well as information and communications technology, the Taiwan Automation Intelligence and Robotics Association said. More than 1,000 companies are to display innovations in semiconductors, electromechanics, industrial automation and intelligent manufacturing, it said in a news release. Visitors can explore automated guided vehicles, 3D machine vision systems and AI-powered applications at the show, along
RSS