EMPLOYMENT
Kaoliang job plan shelved
A subsidiary of Kinmen Kaoliang Liquor Inc (金門酒廠) has shelved plans to hire new employees from Taiwan for its operations in Xiamen Province, China, citing worse-than-expected business. Lin Tsui-yun (林翠雲), general manager of Kinmen Kaoliang Liquor (Xiamen) Trading Co (金酒廈門), said the company’s revenues were 130 million yuan (US$21.21 million) as of last month, about half its target of 250 million yuan for the year.
TECHNOLOGY
DRAM chip revenue growth
Revenues from the sale of DRAM chips are not only likely to rebound this year, but also continue their growth next year on the back of rising smartphone and tablet sales, market researcher TrendForce said. The value of DRAM chip production is expected to increase 32.5 percent to US$35.2 billion this year from last year, after contracting 9.8 percent last year and 24.6 percent in 2011, TrendForce said in a research note. The DRAM industry is expected to continue its revitalization next year growing 12 percent growth in the global DRAM market to US$39.5 billion, TrendForce said.
REAL ESTATE
Evertrust looking to hire
Evertrust Rehouse Co (永慶房屋), one of the nation’s leading real-estate agencies, held a job fair in Taipei on Saturday seeking 3,600 new recruits to support the company’s future expansion. The company said employees recruited at the job fair will be offered a guaranteed monthly salary of NT$50,000 (US$1,689) for the first nine months they are employed. After that, the newcomers will earn an undisclosed base salary plus bonuses based on their performance, the company said.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
RSS