Tax break for pay hike
The legislature’s Economics Committee yesterday approved a proposed amendment that would grant favorable tax treatment to small and medium-sized enterprises that give their employees pay increases. The proposal has been forwarded to a cross-caucus meeting for further negotiation.
The Ministry of Economic Affairs said it initiated the proposal to encourage companies to increase employee wages.
The amendment says that when economic indicators reach a certain level, companies that raise the salaries of their non-managerial employees can add another 30 percent of the increase to their corporate tax deductibles for the year.
TPK sales beat forecast
Touchpanel maker TPK Holding Co Ltd (宸鴻) yesterday reported that revenue increased 8.5 percent to NT$11.44 billion (U$32.78 million) last month from NT$10.54 billion in August.
That brought the company’s revenue last quarter to NT$32.61 billion, up 6.22 percent from NT$30.7 billion in the second quarter.
The revenue growth beat TPK’s own forecast in July.
TPK financial officer Freddie Liu (劉詩亮) told investors at the time that revenue would be flat, or grow 5 percent sequentially last quarter.
SerComm posts record sales
Local telecommunications equipment maker SerComm Corp (中磊電子) yesterday reported that revenue grew 32 percent year-on-year to NT$2.09 billion last month.
That brought the company’s revenue last quarter to NT$6.15 billion, setting an all-time high again. Sales last quarter grew 21 percent from NT$5.07 billion a year ago and 21.6 percent from NT$6.02 billion in the second quarter.
The company expects its business to grow further for the remainder of the year, driven by rising demand for smart-home automation systems, the Internet of Things, 4G long-term evolution (LTE) equipment and 4G small cells.
Neo Solar sales given boost
Neo Solar Power Corp (新日光), the nation’s largest solar cell maker, yesterday said revenue increased 4.96 percent last month to NT$1.96 billion from NT$1.87 billion in August.
The company said the growth was fueled by rising demand and an uptick in solar cell prices.
It expects recovering demand to boost factory utilization and solar cell prices further this quarter.
Lextar reports sales drop
Lextar Electronics Corp (隆達電子), which manufactures upstream LED chips and provides downstream packaging services, yesterday reported NT$1.33 billion in revenue for last month, down 5.6 percent from August’s NT$1.41 billion.
However, the figure represented a 17.5 percent increase compared with NT$1.11 billion in the same month last year.
Consolidated revenue from July to last month rose 9 percent to NT$4.15 billion, from the second quarter’s NT$3.78 billion.
CPT revenue slips 4.2%
Flat-panel maker Chunghwa Picture Tubes Ltd (CPT, 中華映管) yesterday posted a 4.2 percent decline in revenue to NT$4.37 billion for last month, from NT$4.56 billion in August.
Last month’s revenue also represented a 12.9 percent contraction from the NT$5.2 billion made in the same month last year.
Chunghwa Picture’s consolidated revenue last quarter dropped 2.3 percent annually to NT$42.19 billion.
The company said in a statement that shipments of large-sized panels rose 3.1 percent to 135,000 units last month from August. Shipments of small and middle-sized panels declined 4.7 percent month-on-month to 36.66 million units last month.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
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