US aerospace giant Boeing said on Thursday it delivered 601 commercial aircraft last year, substantially more than the previous year, while it booked the second-highest orders in company history.
Ramped-up production rates drove a 26 percent increase in deliveries from 477 deliveries in 2011, the Chicago-based company said, highlighting that the level was the highest since 1999.
RECORD ORDERS
Boeing booked 1,203 net jetliner orders last year and unfilled commercial airplane orders at year-end stood at a record 4,373, the company said.
Boeing’s 737 program of single-aisle airplanes, the aviation industry’s best-selling commercial plane, set a new record for net orders in a single year: 1,124.
Driving the increase were 914 orders for the new 737 MAX, equipped with a new fuel-efficient engine and expected to make its first flight in 2016.
The Next-Generation 737 set a new annual record with 415 deliveries last year, Boeing said.
RIVALRY
Boeing looked certain to overtake European rival Airbus SAS as the world’s top airplane maker this year. According to the latest Airbus figures, in the year through Nov. 30 the European Aeronautic Defence and Space Co unit booked 646 orders and delivered 516 aircraft.
Boeing now has orders for 4,373 planes that it has not built yet — the most in its history.
Although it likes to have a sizeable backlog, Boeing executives have said the current backlog is too high and it has been speeding up production to bring it down.
OPPORTUNITIES
“We have huge opportunity ahead of us if we execute on our commitments,’’ said the head of Boeing’s commercial airplane division, Ray Conner, in a message to employees. “We know we have the right products and we’ve proven we know how to increase rates.”
On its defense side, Boeing delivered 51 Chinook cargo helicopters, up from 32 in 2011. There were 48 deliveries of the F-18 fighter-bomber and variants, one less than in 2011. C-17 cargo plane deliveries fell to 10, from 13 a year earlier.
IN THE AIR: While most companies said they were committed to North American operations, some added that production and costs would depend on the outcome of a US trade probe Leading local contract electronics makers Wistron Corp (緯創), Quanta Computer Inc (廣達), Inventec Corp (英業達) and Compal Electronics Inc (仁寶) are to maintain their North American expansion plans, despite Washington’s 20 percent tariff on Taiwanese goods. Wistron said it has long maintained a presence in the US, while distributing production across Taiwan, North America, Southeast Asia and Europe. The company is in talks with customers to align capacity with their site preferences, a company official told the Taipei Times by telephone on Friday. The company is still in talks with clients over who would bear the tariff costs, with the outcome pending further
A proposed 100 percent tariff on chip imports announced by US President Donald Trump could shift more of Taiwan’s semiconductor production overseas, a Taiwan Institute of Economic Research (TIER) researcher said yesterday. Trump’s tariff policy will accelerate the global semiconductor industry’s pace to establish roots in the US, leading to higher supply chain costs and ultimately raising prices of consumer electronics and creating uncertainty for future market demand, Arisa Liu (劉佩真) at the institute’s Taiwan Industry Economics Database said in a telephone interview. Trump’s move signals his intention to "restore the glory of the US semiconductor industry," Liu noted, saying that
STILL UNCLEAR: Several aspects of the policy still need to be clarified, such as whether the exemptions would expand to related products, PwC Taiwan warned The TAIEX surged yesterday, led by gains in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after US President Donald Trump announced a sweeping 100 percent tariff on imported semiconductors — while exempting companies operating or building plants in the US, which includes TSMC. The benchmark index jumped 556.41 points, or 2.37 percent, to close at 24,003.77, breaching the 24,000-point level and hitting its highest close this year, Taiwan Stock Exchange (TWSE) data showed. TSMC rose NT$55, or 4.89 percent, to close at a record NT$1,180, as the company is already investing heavily in a multibillion-dollar plant in Arizona that led investors to assume
AI: Softbank’s stake increases in Nvidia and TSMC reflect Masayoshi Son’s effort to gain a foothold in key nodes of the AI value chain, from chip design to data infrastructure Softbank Group Corp is building up stakes in Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the latest reflection of founder Masayoshi Son’s focus on the tools and hardware underpinning artificial intelligence (AI). The Japanese technology investor raised its stake in Nvidia to about US$3 billion by the end of March, up from US$1 billion in the prior quarter, regulatory filings showed. It bought about US$330 million worth of TSMC shares and US$170 million in Oracle Corp, they showed. Softbank’s signature Vision Fund has also monetized almost US$2 billion of public and private assets in the first half of this year,