Yulon Nissan Motor Co (裕隆日產), which distributes Nissan and Infiniti vehicles in Taiwan, yesterday gave a conservative outlook for the industry, saying the government’s subsidy program might not be as effective as last year.
The government last year implemented a five-year subsidy program, offering car owners a NT$50,000 discount (US$1,648) on commodity taxes if they purchase a new vehicle within six months after exporting or scrapping their used car.
Aided by the subsidy, new car sales increased 4.5 percent annually to an 11-year high of 439,629 units last year, data compiled by local motor vehicle branches showed.
The government’s ongoing pension reform initiative is also likely to lower customer demand for new vehicles amid concern that incomes could decline, Yulon Nissan president Leman Lee (李振成) said at the company’s annual shareholders’ meeting yesterday, adding that new car sales were weaker than expected last month.
Car sales last month increased 3.9 percent to 35,348 units from the previous month, but declined 6.7 percent from a year earlier, data compiled by local motor vehicle branches showed.
“Automobile sales for this year are forecast to total 420,000 units, down 4.46 percent from last year’s 439,629 units,” Lee said
Despite a conservative industry forecast, Yulon Nissan chairman Kenneth Yen (嚴凱泰) gave a relatively optimistic outlook for the company this year, especially in the Chinese market.
Auto sales at its Chinese subsidiary, Dongfeng Nissan Passenger Vehicle Co (東風日產), are expected to hit 1.15 million units this year, compared with 1.12 million units a year earlier, Yulon Nissan said.
The company is seeking new business partners in China, hoping to benefit from a growing auto market there, Yen said, without elaborating.
In the first five months of the year, Yulon Nissan’s cumulative sales reached NT$15.8 billion, up 1.37 percent from the same period a year earlier, the company’s filing with the Taiwan Stock Exchange showed.
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.
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