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.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS