BEVERAGES
Crown & Fancy sells stake
Crown & Fancy Coffee House (金鑛咖啡) yesterday said it had sold another 40 percent stake to major shareholder Star Travel Corp (燦星旅遊), increasing Star Travel’s holdings to 80 percent. The coffee chain, which started out as a street vendor in Kaohsiung in 2000, said it had reached the share sale agreement with Star Travel’s parent company, Tsann Kuen Group (燦坤實業), on Wednesday. The company said it hopes the alliance with the nation’s largest home appliance and consumer electronics chain will help speed up its coffee franchise development in Taiwan and abroad. Crown & Fancy said it plans to increase its number of stores from 27 to 51 by the end of this year. Star Travel chairman Ray Yang (楊文芳) is to serve as the new chairman of Crown & Fancy, replacing Cheng Li-chien (鄭立鍵).
NETWORKING
Accton posts record revenue
Accton Technology Corp (智邦科技), a local maker of computer network equipment such as routers, yesterday reported its revenue last month hit an all-time high. Consolidated revenue grew 10.86 percent year-on-year and 8.98 percent month-on-month to NT$2.76 billion (US$82.39 million) last month, the company said in a statement. By product, network switches accounted for 67.28 percent of the company’s sales last month, carrier access solutions made up 16.7 percent, wireless local area network products 7.28 percent, broadband and gateway devices 2.3 percent and other devices 6.44 percent. The strong performance last month helped boost the company’s cumulative revenue for the whole of last year by 8.28 percent to NT$24.74 billion, the company said.
TRAVEL
Lion Travel sees sales rise
Lion Travel Service Co Ltd (雄獅旅行社), the nation’s largest outbound travel service company, yesterday said that sales for last quarter rose 12.84 percent from a year earlier to NT$4.71 billion, although the figure was 23.19 percent lower than the previous quarter due to seasonal factors. For the whole of last year, the company said it managed to generate record revenue of NT$21.01 billion, up by 18.74 percent year-on-year.
CONSTRUCTION
Highwealth sales skyrocket
Highwealth Construction Co (興富發), which last year focused on first-time and salaried home buyers, yesterday said consolidated sales surged last month because of contributions from new property projects in Taipei, Tainan and Kaohsiung. Sales reached NT$13.59 billion last month, up 160.21 percent year-on-year and 176.56 percent month-on-month, according to the company’s filing with the Taiwan Stock Exchange. However, total sales for all of last year decreased 7.55 percent to NT$34.68 billion from 2014, as the industry was affected by a cooling housing market in Taiwan.
ENTERTAINMENT
Gamania posts record sales
Online game publisher Gamania Digital Entertainment Co (遊戲橘子) yesterday reported its highest-ever annual sales, with last year’s figure totaling NT$9.71 billion, a 6.7 percent increase from 2014. Gamania, the local distributor of NCSoft Corp’s Lineage series of online fantasy games, attributed the increases to the launches of several mobile and PC games, as well as contributions from its e-commerce subsidiary, Jollywiz Digital Technology Co Ltd (樂利數位), and on-demand content streaming subsidiary, Coture (酷瞧). Meanwhile, online game publisher X-Legend Entertainment Co (傳奇網路) yesterday reported annual sales of NT$1.24 billion for last year, a decrease of 15.92 percent from the previous year.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
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