Chaun-Choung Technology Corp (超眾), a supplier of heat-dissipation modules for PCs and networking equipment, last week held a provisional shareholders’ meeting, during which a new board was elected in the wake of Nidec Corp taking control of the firm.
Nidec, a Japanese maker of micromotors used in electronic devices, in December last year completed a tender offer to acquire a 48 percent stake in Chaun-Choung for about NT$4.48 billion (US$145.7 million).
In the election, Nidec secured six director seats and one supervisor seat, while the remaining three director seats and one supervisor seat went to the Wu (吳) family, which founded Chaun-Choung, a company regulatory filing on Tuesday showed.
Junichi Nagai, general manager of Nidec’s international business administration department, was elected to serve as Chaun-Choung chairman, replacing Wu Shih-ling (吳適玲), who was elected to the posts of vice chairman and chief administrative officer, the company said.
The company is fully utilizing its equipment and production lines as client demand has shown no signs of slowing, despite lingering US-China trade tensions, new chief executive officer Kuo Ta-chi (郭大祺) said after Tuesday’s meeting at the company’s headquarters in New Taipei City’s Sanchong District (三重).
As 5G is adopted, Chaun-Choung expects to expand capacity, with higher capital spending this year than in previous years, the Chinese-language Liberty Times (sister newspaper of the Taipei Times) quoted Kuo as saying on Wednesday.
Growth at the company is expected to come from demand for thermal modules used in handsets, networking devices and servers, he said.
Compared with last year, shipments of vapor chambers used in high-end notebook computers are likely to see a slight increase, while those used in desktop computers are likely to decrease, he said.
Research and development in automotive heat-dissipation products is to begin later this year, he added.
Chaun-Choung reported consolidated revenue of NT$7.66 billion last year, up 8.46 percent from NT$7.06 billion in 2017. Net profit was NT$396.75 million in the first three quarters of last year, up 3.76 percent from NT$382.36 million in the same period the previous year, with earnings per share of NT$4.6.
This year, the company plans to expand production of heat pipes and vapor chambers at plants in Taipei, as well as at plants in Chongqing and Kunshan in China, Kuo said.
The Chongqing plant, which supplies parts for notebooks and all-in-one computers, aims to have a monthly production of 3 million thermal modules and 2 million heat pipes, Chaun-Choung said.
The Kunshan plant, which supplies parts for servers, networking equipment and gaming devices, aims to have a monthly production of 8 million heat pipes and from 3 million to 5 million thermal modules, while the Taipei factory plans to double its monthly vapor chamber production to 1 million units, the company said.
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday held its first board of directors meeting in the US, at which it did not unveil any new US investments despite mounting tariff threats from US President Donald Trump. Trump has threatened to impose 100 percent tariffs on Taiwan-made chips, prompting market speculation that TSMC might consider boosting its chip capacity in the US or ramping up production of advanced chips such as those using a 2-nanometer technology process at its Arizona fabs ahead of schedule. Speculation also swirled that the chipmaker might consider building its own advanced packaging capacity in the US as part
‘NO DISRUPTION’: A US trade association said that it was ready to work with the US administration to streamline the program’s requirements and achieve shared goals The White House is seeking to renegotiate US CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told reporters. The people, along with a third source, said that the new US administration is reviewing the projects awarded under the 2022 law, meant to boost US domestic semiconductor output with US$39 billion in subsidies. Washington plans to renegotiate some of the deals after assessing and changing current requirements, the sources said. The extent of the possible changes and how they would affect agreements already finalized was not immediately clear. It was not known
A move by US President Donald Trump to slap a 25 percent tariff on all steel imports is expected to place Taiwan-made steel, which already has a 25 percent tariff, on an equal footing, the Taiwan Steel & Iron Industries Association said yesterday. Speaking with CNA, association chairman Hwang Chien-chih (黃建智) said such an equal footing is expected to boost Taiwan’s competitive edge against other countries in the US market, describing the tariffs as "positive" for Taiwanese steel exporters. On Monday, Trump signed two executive orders imposing the new metal tariffs on imported steel and aluminum with no exceptions and exemptions, effective