Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said that it contributed more than 4 percent of Taiwan’s GDP last year as its added value increased.
TSMC investments created NT$792.9 billion (US$25.24 billion) in added value last year, it said in a corporate social responsibility report.
The figure was 4.85 percent higher than the previous year and accounted for 4.46 percent of GDP, the company said.
Since 2015, the company has been working with the Industrial Technology Research Institute (ITRI, 工研院) to determine how it can contribute to the growth of the domestic economy by utilizing local resources, TSMC said.
In addition to the higher added value, it also generated NT$1.024 trillion in production value last year, hiring 43,000 employees, it said.
That created a spillover effect that resulted in an additional national output of almost NT$2 trillion and 364,000 job openings nationwide, the report said.
ADDED VALUE
Its added value ratio, which is the ratio of added value to production value, was about 77 percent last year, far above the average of 30 percent for other firms in Taiwan, it said.
Its added value and production value were records last year, the company said.
TSMC posted a record NT$351.13 billion in net profit last year — an annual increase of 2.3 percent — or earnings per share of NT$13.54 compared with NT$13.23 in 2017, the report said.
Citing joint studies conducted with ITRI, TSMC said that its investments have benefited upstream, midstream and downstream firms in the local supply chain of the semiconductor industry.
TSMC, the world’s third-largest chip supplier, posted US$14.85 billion in sales in the first half, down 9 percent from a year earlier due to inventory adjustments by its clients.
ENVIRONMENT
TSMC said that while its electricity and water consumption has increased due to technology upgrades, it is committed to environmentally friendly practices.
It is planning to team up with industrial partners to build a water recycling facility at the Southern Taiwan Science Park (南部科學工業園區) in Tainan this year, which would supply 18,144 tonnes of recycled industrial water per day, TSMC said.
To reduce carbon emissions, it is seeking to purchase renewable energy facilities and install green power generators at its production complexes, TSMC said.
Dutch brewing company Heineken NV yesterday said that it has reached an agreement to acquire a subsidiary brewery of Taiwan’s Sanyo Whisbih Group (三洋維士比集團). Heineken is to assume majority ownership and management rights of the Long Chuan Zuan Co (龍泉鑽興業) brewery in Pingtung County’s Neipu Township (內埔), the Dutch company said. It would become the first multinational brewing company to operate brewery in Taiwan once the acquisition is completed. The deal has been approved by the Ministry of Economic Affairs’ Investment Commission, but details of the financial transaction cannot be disclosed at this time, as terms of the settlement have not been completed,
Had Audrey Hepburn and Gregory Peck hopped on an electric scooter rather than a Vespa in the classic film Roman Holiday, their spin around the Eternal City might have ended in tears. The number of crashes and near-misses involving the two-wheelers has prompted Rome authorities to impose some order on a booming rental market that began two years ago. The havoc came to a head earlier this month when two US tourists attempted a night-time drive down the Spanish Steps, causing more than 25,000 euros (US$26,392) worth of damage to the 18th-century monument. Caught on security footage, the couple in their late 20s
LOOK WHO OWES: China’s exposure to Taiwanese banks was the second-largest, with Luxembourg third, followed by Hong Kong and Japan, the central bank said The US remained the largest debtor country to Taiwan’s banking sector for a 27th consecutive quarter in the first quarter of this year, with its exposure rising 8.3 percent from a quarter earlier on the back of an increase in US bonds, the central bank said on Friday. Data compiled by the central bank showed that outstanding international claims by Taiwanese banks on a direct risk basis to the US stood at US$125.38 billion as of the end of March. Department of Financial Inspection deputy head Pan Ya-hui (潘雅慧) said that the US Federal Reserve’s launch of a rate hike cycle in
GREEN CITY: The company is set to invest US$8 billion to make electric vehicles and batteries for a new city that would rely entirely on renewable energy sources Indonesia said that Hon Hai Precision Industry Co (鴻海精密) is considering investing in the country’s new capital city, a move that would bolster the US$34 billion construction project. Hon Hai, which is known as Foxconn Technology Group (富士康科技集團), is looking at setting up an electric bus system and an Internet of Things network at Nusantara, as Indonesia’s new capital is to be called, Indonesian Minister of Investment Bahlil Lahadalia said in a statement yesterday. Hon Hai chairman Young Liu (劉揚偉) met with Indonesian President Joko Widodo on Saturday to discuss the company’s plan to invest US$8 billion to build a manufacturing plant