King Yuan builds new plant
King Yuan Electronics Co (京元電子), an integrated circuit testing service provider, yesterday broke ground for its second plant in Miaoli County’s Tongluo Industrial Park (銅鑼科學園區), after its first plant in the park began mass production earlier this year.
King Yuan chairman Lee Chin-kung (李金恭) said the first plant brought about 600 jobs to the area and the new one is expected to add several hundred more.
The second plant, which is expected to be completed by the end of next year, is to provide wafer-testing services for microelectromechanical systems sensor and system-on-a-chip processor, the company said
UMC revenue rises 11.5%
United Microelectronics Corp (UMC, 聯電), the nation’s second-largest contract chipmaker, yesterday reported its revenue last month had risen from a year earlier, but fallen from the previous month, as the semiconductor industry was entering a seasonal adjustment.
Consolidated revenue last month increased 11.5 percent year-on-year to NT$11.54 billion (US$368.6 million), but dropped 14.52 percent from October, UMC said in a statement.
The monthly drop last month came after UMC reported a record consolidated revenue of NT$13.5 billion in October.
In the first 11 months of the year, cumulative revenue totaled NT$127.81 billion on a consolidated basis, up 12.2 percent from the same period last year, the Hsinchu-based company said.
Compal revenue rises 24.97%
Compal Electronics Inc (仁寶), the world’s second-largest notebook contract maker by revenue, yesterday posted consolidated revenue of NT$82.45 billion last month, up 24.97 percent from a year earlier and 1.61 percent higher than the previous month, as the company’s core notebook business grew steadily in line with industry trends.
Compal shipped 4.1 million laptops last month, compared with 3.6 million in October, it said.
Total revenue for the first 11 months was NT$762.88 billion, up 21.47 percent from the same period of last year, it said.
Hiring outlook remains strong
The nation’s hiring outlook for the first quarter of next year remains strong, with the net employment outlook ranking the second-highest worldwide, according to a survey released by ManpowerGroup yesterday.
In the survey, ManpowerGroup said that Taiwan’s net employment outlook for the January-March period after seasonal adjustments stood at 43 percent, trailing only India’s 45 percent.
The international human resource company said that after interviewing 1,118 employers in Taiwan, 40 percent of them have plans to expand their workforce, while 3 percent want to downsize in the first quarter and 53 percent said they will leave their workforce unchanged in the coming quarter.
Formosa gains on share sale
Formosa Petrochemical Corp (FPCC, 台塑石化), the nation’s only private oil refiner, yesterday said it made an investment gain of NT$136.9 million by selling 4.22 million shares in DRAM chipmaker Nanya Technology Corp (南亞科技) at NT$71.65 per share between Friday last week and yesterday.
On Dec. 2, Formosa Petrochemical said it planned to sell 6.53 million Nanya Technology shares to strengthen its working capital. The announcement came as Formosa Petrochemical faces falling revenue affected by declining global crude oil prices, while Nanya Technology’s business is on a steady recovery this year.
Accton posts NT$2.09 revenue
Accton Technology Corp (智邦科技), a local maker of computer network equipment such as routers, yesterday reported consolidated revenue of NT$2.09 billion for last month, up 4.13 percent year-on-year and 21.72 percent month-on-month.
By product, network switches accounted for 62.18 percent of the company’s sales last month, carrier access solutions made up 24 percent, wireless local area networks 4.89 percent, broadband and gateway devices 3.39 percent and others 5.54 percent.
For the first 11 months of the year, cumulative revenue increased 0.64 percent to NT$20.36 billion, the firm said.
CTBC overseas offices approved
The Financial Supervisory Commission (FSC) has approved CTBC Bank Co (中國信託銀行) to file an application to Australia and Malaysia respectively, in a bid to set up representative offices in Sydney and Kuala Lumpur. The lender has 100 overseas operations.
CTBC said the move may help it collect local business information via the office, and further seek opportunities to expand its banking business in the two nations.
Five Taiwanese banks have branches in Australia, while only two — state-run Mega International Commercial Bank (兆豐國際商業銀行) and Cathay United Bank (國泰世華銀行) — have branches in Malaysia, FSC data showed.
Xiaomi launches air purifier
Xiaomi Corp (小米) unveiled a home air purifier that sends pollution readings to users as the Chinese smartphone maker seeks to address concerns about air quality while widening its line of consumer electronics.
The purifier can be controlled by a smartphone and it alerts users when its filter needs to be replaced, Xiaomi founder and chief executive officer Lei Jun (雷軍) said yesterday at a press conference at the company’s Beijing headquarters.
It will sell for 899 yuan (US$145) and deliver as much as 406m3 of clean air an hour, he said.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion