TECHNOLOGY
E Ink loses in final quarter
E-paper display supplier E Ink Holdings Inc (元太科技) yesterday said it lost NT$60 million (US$2.06 million) in the final quarter of last year, because of losses of NT$516.14 million from discontinued operations. For the whole of last year, net profit attributable to the parent company was NT$2.08 billion, up 8.96 percent annually, with earnings per share of NT$1.85, according to the company’s filing with the Taiwan Stock Exchange. E Ink’s board has proposed a cash dividend distribution of NT$1.65 per share, equivalent to a yield of 3.37 percent based on yesterday’s closing price of NT$48.9.
SOLAR ENERGY
Giga Solar approves payout
Giga Solar Materials Corp (碩禾電子) yesterday said its board had approved a cash dividend of NT$5 per share, but would not offer bonuses to employees or compensate board directors, as it reported a net loss of NT$209 million last year, the first loss since the photovoltaic conductive paste maker was listed on the over-the-counter market in 2010.
STEELMAKERS
China Steel offers raises
China Steel Corp (中鋼), the nation’s largest steelmaker, on Wednesday announced its board had approved a pay raise of 3.5 percent for employees. The hike, which is to take effect on Monday, is the highest increase in seven years. The board also proposed paying a NT$1.4 cash dividend for each preferred share and a NT$0.88 cash dividend for each common share, the firm said. The board also agreed to appoint China Steel Chemical Corp (中碳) chairman Lin Horng-nan (林弘男) as the firm’s new president, replacing Liu Jih-gang (劉季剛) who is retiring.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
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