Luxgen orders recall
Luxgen Motor Co (納智捷汽車) is recalling some of its minivans and sport utility vehicles (SUV) back to the shop to replace a faulty torque converter.
The recall covers M7 Turbo minivans and U7 Turbo SUVs produced between Dec. 1 last year and March 24, Luxgen said in a post on its Web site on Saturday.
The company, a subsidiary of Yulon Motor Co (裕隆汽車), did not reveal how many cars will be recalled, but said owners of affected vehicles will be notified by the company and will be able to have their torque converter replaced at no charge.
Luxgen said that defective oil seal parts will affect the torque converter, lead to loss of motive power and raise safety concerns.
Hua Nan heads to Fuzhou
Hua Nan Commercial Bank (華南銀行) on Friday said it had gained Chinese financial authorities’ approval to open a branch in Fuzhou, Fujian Province, next month, which will provide a full range of yuan-denominated services, such as deposits, loans and remittances.
The banking unit of Hua Nan Financial Holding Co (華南金控) said the Fuzhou branch is expected to begin operations on May 13.
Hua Nan Commercial already has two branches in China — in Shanghai and Shenzhen — and a sub-branch in Shenzhen’s Baoan District.
Phision sees record Q1 income
Flash memory controller maker Phision Electronics Corp (群聯) on Friday reported pre-tax income of NT$1.01 billion (US$32.5 million) for the first quarter of the year, the highest figure for the January-to-March period in the company’s history.
The figure was up 17.74 percent from a year earlier and 25 percent higher than the previous quarter, according to the company’s filing to the Taiwan Stock Exchange.
Sales for last quarter rose 8.31 percent year-on-year to NT$8.34 billion on rising shipments, the company said.
Taiwan Star posts loss
Taiwan Star Telecom Corp (台灣之星), a telecom arm of Ting Hsin International Group (頂新國際集團), reported NT$2.79 billion loss last year, or loss per share of NT$1.67, reflecting the negative impact from the cooking oil scandal involving its parent company last year.
Taiwan Star Telecom said in a statement on Thursday that it had 200,000 subscribers to its 4G services.
Revenue for the first quarter rose 33 percent from a year earlier to NT$2.45 billion, the company said.
MediaTek launches program
Handset chip supplier MeidaTek Inc (聯發科) on Thursday said it launched a program in collaboration with Underwriters Laboratories Inc to help power supplier makers to receive qualification for its quick charger technology, dubbed Pump Express Plus.
MediaTek said its rapid charge technology allows users to charge devices up to 75 percent of the batter capacity in just 30 minutes.
Northbrook, Illinois-based Underwriters Laboratories is an independent US safety consulting and certification company.
Chunghwa buys 4G equipment
Chunghwa Telecom Co (中華電信), the nation’s largest telecoms operator, on Thursday said the company’s board had approved the acquisition of new broadband equipment from Nokia Solutions and Networks for NT$1.86 billion to expand its 4G network.
The company this month triggered a new round of price competition in 4G business, with a more aggresive promotional campaign, which led other telecom companies to follow suit, as it is targeting 3.2 million 4G users this year, or 40 percent of the local market.
Daiwa raises Catcher price
Daiwa Capital Markets Inc has raised its target price for Catcher Technology Co (可成) to NT$437 from NT$376, saying the firm may report NT$6.7 in earnings per share (EPS) for the January-to-March period, compared with NT$3.97 reported in the same period of last year.
The metal casing supplier for Apple Inc’s iPhone and HTC Corp’s (宏達電) One M9 smartphone is expected to release its first-quarter earnings and other financial results tomorrow.
Daiwa said in a note last week that Catcher’s first-quarter sales of NT$17.4 billion beat a market estimate of NT$15 billion, supporting its analysts’ higher EPS estimate for the company.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
RSS