Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has moved into first place on an enterprise innovation list, based on its intensive efforts to develop high-end technology, according to the Ministry of Economic Affairs.
The world’s largest contract chipmaker this year replaced restaurant chain operator Wowprime Corp (王品) as the top enterprise on the annual industrial innovation list, which is compiled by the global management advisory firm Boston Consulting Group.
Wowprime dropped to second place, which was held by TSMC last year.
The ministry said last week that TSMC has taken the lead because of its efforts to develop the energy efficient 28 nanometer (nm) process, which has helped the company cut production costs.
In the third quarter, TSMC posted NT$209.05 billion (US$6.88 billion) in consolidated sales, up 14.2 percent from the previous quarter.
Chips made on the 28nm process accounted for 34 percent of the company’s total third-quarter revenue.
In addition, TSMC has been gearing up to develop more sophisticated technologies, such as the 20nm, 16nm and 10nm processes.
Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, which assembles iPhones and iPads for Apple Inc, was in third spot on this year’s innovation list, up from the 10th last year.
The ministry said that in a bid to diversify its product portfolio, Hon Hai has been developing 4G telecom services, in collaboration with the telecom industry, and has also teamed up with US-based PC vendor Hewlett-Packard Co on the development of cloud technology to develop more business opportunities.
PC vendor Asustek Computer Inc (華碩電腦) was in fourth place, followed by the 7-Eleven convenience store chain operator President Chain Store Corp (統一超商) and smartphone brand HTC Corp (宏達電).
Also in the top 10 were integrated circuit designer MediaTek Inc (聯發科), bicycle maker Giant Manufacturing Co (巨大), power management system provider Delta Electronics Inc (台達電) and smartphone camera lens supplier Largan Precision Co (大立光).
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