Hong Kong television broadcaster TVB, in which HTC Corp (宏達電) chairwoman Cher Wang (王雪紅) owns an unspecified share, yesterday announced that it has sold 53 percent of its shares in television production units in Taiwan for NT$4.695 billion (US$149 million).
In a statement released yesterday, TVB said it has signed agreements with three Taiwanese buyers to sell TVB Investment Ltd (TVBI) and Countless Entertainment (東方彩視), both fully owned subsidiaries of TVB.
Based on the agreements, TVBI and Countless Entertainment agreed conditionally to sell 47 percent and 7 percent shares respectively of Liann Yee Production Co (聯意製作股份有限公司), which operates Taiwanese cable channels TVBS, TVBS News and TVBS Entertainment.
In 2011, Wang obtained an unspecified share of Hong Kong’s TVB by purchasing 26 percent of TVBI and Countless Entertainment. Wang and her husband, Chen Wen-chi (陳文琦), have two seats in TVB’s 10-member board.
The three Taiwanese firms will hold 17 percent, 18 percent and 18 percent of Liann Yee respectively after the transaction takes effect on June 30, TVB said.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
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EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
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