Yummy Town Holdings Corp (雅茗天地), which operates three bubble tea brands in China, is set to list on Taiwan’s over-the-counter market in the second half of this year, the company said yesterday.
“We plan to list the company in Taiwan [on the GRETAI Securities Market] to build up brand awareness,” group chairman Albert Wu (吳伯超), a Taiwanese, told a media briefing.
After launching its first tea house in Taiwan in the middle of this year, the group plans to open between 10 and 15 new stores under the brand HappyLemon before the end of the year, Wu said.
Yummy Town, which is registered in the Cayman Islands with NT$250 million (US$8.35 million) in capital, currently runs more than 450 tea houses in 40 cities in China under three brands — R.B.T. Tea Cafe, Happy Lemon and Freshtea.
The group has also set up stores in Singapore, Thailand, the Philippines, Canada and Australia.
Wu said the group may gradually open tea houses under the other two brands in Taiwan in the near future and that it is ready to expand its international reach by launching new stores in the US and Europe later this year.
Following its GRETAI listing, Yummy Town plans to look for more business partners for its near-term expansion in the US and Europe, he added.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
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