ELECTRONICS
Compal touts Toshiba deal
Compal Electronics Co (仁寶) yesterday confirmed that it would take over Toshiba Corp’s European TV business, five months after the Taiwanese company secured its Japanese client’s TV business in North America. The implementation of the licensing process for TV business in Europe is set to begin next month, Compal said in a statement. The company bought two TV manufacturing plants from Toshiba — one in Mexico in 2011 and one in Poland in 2013. Toshiba is restructuring its global TV business to secure stable profit. After the North America and Europe deals, Toshiba said it is continuing negotiations with third parties on TV brand licensing in ASEAN nations.
APPAREL
TOPBI predicts sales boost
TOPBI International Holdings Ltd (淘帝國際控股), one of the three major children’s clothing brands in China, yesterday said sales this year might increase by between 10 and 15 percent from last year’s NT$4.66 billion (US$149 million) on new store launches and a new mobile commerce service. TOPBI president Yang Pengxu (楊鵬旭) said at the company’s annual general meeting in Taipei that it would expand its number of stores to 1,400 by the end of this year, compared with 1,283 last year. In the first five months of the year, the company’s cumulative sales on a consolidated basis totaled NT$2.08 billion, an increase of 17 percent from a year earlier.
ELECTRONICS
Qisda eyes sales increase
Electronics maker Qisda Corp (佳世達) yesterday said it aims to grow sales from medical applications by up to 40 percent annually to NT$7 billion this year as part of the company’s efforts to optimize its resources. Qisda president Peter Chen (陳其宏) told shareholders that the company also expects to achieve greater synergy from its investments in Partner Tech Inc (拍檔) and DFI Inc (友通) to jointly develop Internet of Things solutions. Qisda reported a 12.06 percent annual growth in sales last year to NT$133.6 billion. Net profit was NT$2.97 billion last year, or NT$1.51 per share.
AUTOMAKERS
Competition stiff: Yulon
Automaker Yulon Motor Co (裕隆) yesterday said local vehicle vendors are facing stiff competition from imported vehicles in view of the yen’s and won’s weakness against the US dollar so far this year. Yulon president Yao Chen-hsiang (姚振祥) told shareholders at the firm’s annual general meeting that the local market is also being affected by a slowing global economy, therefore total car sales might remain at about 420,000 units this year. At the meeting, shareholders approved a company proposal to distribute a cash dividend of NT$0.7 per share, based on net profit of NT$2.25 billion last year, or NT$1.51 per share.
MACHINE TOOLS
Tongtai forecasts flat growth
Tongtai Machine and Tool Co (東台精機) yesterday said revenue this year would remain flat from last year as a slowing global economy and regional currency depreciation would affect the company’s shipments and sales momentum. Chairman Yen Jui-hsiung (嚴瑞雄) said at the company’s annual general meeting that recent investments in France’s PCI Scemm and Anger Group of Austria would help the firm develop high-end machine tool products and retain profitability. Tongtai reported net profit of NT$15.17 million in the first quarter, or NT$0.06 per share. In the first five months of this year, total sales fell 10.64 percent year-on-year to NT$3.19 billion.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
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