AUTOMAKERS
Trade show boost expected
Four Taipei shows for motor vehicles and auto parts that closed on Saturday are expected to generate about US$600 million in business, organizers said. Dubbed Asia’s best four-in-one motoring hub, the event attracted 50,868 visitors, including a record high of 7,017 international buyers from 128 countries, the Taiwan External Trade Development Council said in a statement. Meanwhile, the 284 one-on-one procurement meetings organized on Wednesday generated US$330 million in business, the organizers said.
SECURITY
Daiwa expects sales growth
Daiwa Securities expects solid demand for smartphone chips to boost the sales of Taiwan-based integrated circuit designer MediaTek Inc (聯發科) in the second quarter by 4 percent from NT$46.01 billion (US$1.53 billion) the previous quarter. In a research note released on Friday, Daiwa Securities said strong demand from China should help drive MediaTek’s smartphone chip shipments for the second quarter to 73 million units, up 12 percent from the previous quarter.
SEMICONDUCTORS
ASE proposes dividends
Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) has proposed a cash dividend of NT$1.3 per share, with a dividend payout ratio of 61.6 percent based on ASE’s earnings per share of NT$2.11 for last year. The company is expected to dole out more than NT$10.16 billion in cash dividends, the firm said on Tuesday last week. ASE is also planning to make an overseas private placement of convertible bonds worth up to NT$15 billion, with the coupon rate expected not to exceed 5 percent, the company said, without disclosing a timetable for the private placement.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
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
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
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