Cathay to increase real estate
Cathay Life Insurance Co (國泰人壽), the main subsidiary of Cathay Financial Holding Co (國泰金控), yesterday approved board proposals to increase real-estate stakes both domestically and overseas, the company said in a stock exchange filing.
In particular, the insurer is to set up two special-purpose vehicles, companies which are to help save tax expenses and conduct property investment in London, the filings said. The nation’s largest insurer has channeled sizable funds overseas this year as soaring property prices in Taiwan raise the difficulty of meeting the minimum yield requirements.
HTC launches cheaper M8
Smartphone vendor HTC Corp (宏達電) yesterday launched a cheaper plastic model of its One M8 flagship smartphone in Taiwan, which costs almost half as much as the more expensive model, at NT$14,900.
The HTC One E8 is to go on sale at HTC stores on Thursday, and via major local telecoms on Aug. 1, the company said in a statement. The new phone supports full-spectrum 4G long-term evolution (LTE) connectivity in Taiwan, including the 700 MHz, 900 MHz and 1800 MHz frequency bands, HTC said.
Acer Chromebook tops Samsung
Chromebook shipments by Acer Inc (宏碁) surpassed those of Samsung Electronics Co in the global market in the second quarter of the year, market researcher WitsView said yesterday.
Global Chromebook shipments totaled 1.8 million units in the April to June period, with Acer taking the largest share at 30 percent and Samsung holding a 24 percent share, WitsView said in a report. Hewlett-Packard Co had the third-largest with a 21 percent share.
In the first half of this year, Acer and Samsung each shipped about 900,000 Chromebooks, WitsView said. The affordable Web-centric device, however, is facing strong competition from low-cost Windows-based laptops priced between US$199 and US$249, it said.
Acer climbs in PC sales rank
PC shipments in the Asia-Pacific region (excluding Japan) increased 2 percent in the second quarter from the first quarter, but declined 10 percent from a year earlier to reach 24.3 million units, International Data Corp (IDC) said yesterday. Lenovo Group (聯想) retained the top spot with a 26.6 percent market share.
Dell Inc retained the second spot with a 10.5 percent share backed by strong growth in some key emerging markets like India and Thailand due to its increasing focus on the consumer sector and better relations with suppliers, it said.
Hewlett-Packard Co was still in third place with a 10.4 percent market share, but Acer Inc (宏碁) replaced Asustek Computer Inc (華碩) in fourth spot, as Acer had grown in some key markets with attractive entry-level products, according to the IDC.
MediaTek chip is competitive
Handset chip designer MediaTek Inc (聯發科) could increase its market share with its first 64-bit octa-core processor, according to market research firm NPD DisplaySearch.
The MT6795 octa-core smartphone chip, which supports 4G LTE services is likely to help MediaTek narrow the gap with global market leader Qualcomm Inc, the market research firm said in a blog post on Friday last week.
The chip supports 2K displays with a resolution of 2,560 pixels by 1,600 pixels and is expected to be in use by the fourth quarter of the year, MediaTek said.
DisplaySearch forecasted that 2K displays would account for 3.1 percent of smartphone shipments this year and 7.5 percent next year.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
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