Listed firms performing well
The consolidated sales of all the nation’s listed companies totaled NT$2.349 trillion (US$78.25 billion) last month, up 10.37 percent year-on-year, statistics released by the Taiwan Stock Exchange on Friday show.
Among the 809 listed enterprises, 542 of them posted an increase in sales, compared with 267 that recorded a decline.
In the first six months of this year, consolidated sales of all listed companies amounted to NT$13.26 trillion, up 5.37 percent year-on-year.
Of the 809 listed firms nationwide, 524 saw revenues grow, while 285 saw earnings decline, statistics showed.
Major industries that showed growth include the semiconductor, glass and pottery industries, as well as the automobile sector.
By contrast construction and construction material, optoelectronics and telecommunication and communications sectors suffered a decline.
Fubon wins Taipei project
Fubon Life Insurance Co (富邦人壽) on Friday won a superficies right project from Taipei City Government for NT$1.401 billion, the company said in a statement.
The project is located in Beitou District (北投), near the New Beitou MRT Station, Fubon Life said.
It consist of five small plots of land with a total area of 1,041.43 ping (3,442.73m2), the company added.
Fubon Life said the 70-year leasehold project could generate stable rental yields, as it plans to build a hotel with hot spring facilities that may create rental yields of 4 percent a year.
4G to fuel smartphone boom
Worldwide smartphone shipments are to continue growing this year, spurred on by the growing promotion of 4G Long-Term Evolution (LTE) networks, market researcher TrendForce Corp (集邦科技) forecast on Friday.
A total of 1.20 billion smartphones are expected to be shipped this year, up 29 percent from a year ago, with China’s growing 4G Time Division LTE in particular generating growth momentum in smartphone shipments and smartphone specifications upgrades, TrendForce said.
Other factors expected to boost shipments are the release of Apple Inc’s new iPhone later this year, economic recovery across the globe, and increased demand for entry-level and mid-range smartphones, the researcher said.
Macronix sues Spansion
Memorychip producer Macronix International Co (旺宏電子) said on Wednesday that it has filed a new patent infringement complaint in Germany against Spansion Inc, the firm’s subsidiaries and some of its customers.
Hsinchu-based Macronix said that it petitioned a German court for monetary compensation from Spansion and an injunction against certain products that have infringed on its patents.
The patents in question cover aspects of non-volatile memory devices, including flash memory, Macronix said in a statement.
Phones to aid memory sector
The global memory storage industry could get a boost from solid demand for smartphones in the second half of the year, when the supply of DRAM chips is expected to remain tight, DRAMeXchange has forecast.
The research house predicted that the average contract price of DDR3 4GB DRAMs will top the US$33 quoted for this month and the next, up from the US$30.5 quoted for the second half of last month.
Strong demand will likely keep DRAM prices high in the third quarter, DRAMeXchange said.
Ghost Month spurs car sales
Domestic car sales rose more than 40 percent in the first 10 days of this month, compared with the same period a month earlier, as car dealers’ sought to spark buying interest with the launch new models, statistics showed on Saturday.
Analysts said consumers are also rushing to purchase big-ticket items like cars that, due to superstitions, are generally avoided during Ghost Month, which this year falls from July 27 to Aug. 24.
In the first 10 days of the month vehicle sales totaled 8,135 units, up 41 percent year-on-year, according to the statistics.
Hotai Motor Co (和泰汽車), the local sales agent for Japan’s Toyota Motor Corp, remained the nation’s biggest car supplier during the 10-day period with sales of 2,795 units, up 63.6 percent month-on-month and 10.6 percent annually.
STEPPING UP: The firm has also asked employees to work in split shifts from this week and to halt all but essential overseas business travel from next month Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has implemented a remote work policy for employees not on production lines in an attempt to curb the spread of COVID-19, the world’s largest contract chipmaker said yesterday. This is the first time in the Hsinchu-based company’s history that it has launched a large-scale remote work policy, joining global technology companies, such as Apple Inc and Google, that encourage employees to work from home. The chipmaker has also asked employees to work in split shifts from this week, it said. As the number of virus infections continues to climb worldwide, TSMC has urged employees to halt unnecessary
Manufacturers are on a mission to produce desperately needed medical ventilators for the COVID-19 pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for specialized machines that help keep severely afflicted patients alive. “As the global pandemic evolves, there is unprecedented demand for medical equipment, including ventilators,” GE Healthcare chief executive officer Kieran Murphy said. The group has hired more workers and is making ventilators around the clock. Swedish group Getinge AB is also ramping up output
Facing the rapidly evolving global COVID-19 pandemic, Citibank Taiwan Ltd (台灣花旗) has proactively taken precautionary measures. “The health and safety of our colleagues and their families, as well as our clients and the communities we serve, are of the utmost importance. We continue to take proactive measures to preserve their well-being while we maintain our ability to serve our clients,” Citibank Taiwan chairman Paulus Mok (莫兆鴻) said in a statement yesterday. “We have local and regional contingency plans in place, and we have well-established business continuity plans for the firm. We are monitoring the situation closely, adjusting our operations accordingly,
GoShare, an electric scooter sharing service provider with Gogoro Inc (睿能創意), plans to expand to Tainan next quarter in a strategic alliance with Aeon Motor Co (宏佳騰). The company currently offers its services in Taipei and Taoyuan. “Tainan is very popular among tourists. The city receives an average of 22.94 million tourists every year,” GoShare head Henry Chiang (姜家煒) told a news conference yesterday in Taipei, citing Tourism Bureau statistics. “Besides, the city has a long history of riding scooters,” he said. Each household owns an average of 2.5 scooters, he added. “Expanding presence” is one of four strategies GoShare is adopting for this