Yulon Motor Co (裕隆汽車) on Thursday appointed company president Yao Chen-hsiang (姚振祥) as the new chairman of its own-brand automaker Luxgen Motor Co (納智捷) to fill the vacancy left by Chen Kuo-rong (陳國榮) and accelerate the company’s transformation.
The personnel adjustments took effect immediately.
The move was made with an eye to exploring more business opportunities in the automotive value chain and improving operating efficiency via vertical integration, Yulon said in a statement.
Photo: Yang Ya-min, Taipei Times
Yulon set up an integrated portfolio management team at its plant in Miaoli County to take charge of development, component procurement, vehicle manufacturing and marketing of Luxgen vehicles, the company said.
The team, headed by Yao, is to report directly to the company’s five-member decisionmaking committee.
Chen, one of Luxgen’s key promoters, had also handed in his resignation as chairman of Hua-chuang Automobile Information Technical Center (華創車電), but was persuaded by the company to stay.
The Yulon subsidiary mainly provides automobile engines, as well as chassis, electronic and other critical components to the group, its Web site showed.
Deepening losses from Hua-chuang, Luxgen Motor and Dongfeng Yulon Motor Co (東風裕隆), which distributes Luxgen cars in China, dragged Yulon’s bottom line.
Yulon posted losses of NT$937.26 million (US$30.18 million) in the first two quarters, from net profits of NT$1.38 billion in the same period last year, according to the company’s filing with the Taiwan Stock Exchange.
That translated into losses per share of NT$0.62 in the first half, compared with earnings per share of NT$0.94 a year earlier.
Yulon for the past 66 years had only been supplying auto parts to Yulon Nissan Motor Co (裕隆日產) and its own brand, but to buck profit and sales declines, it earlier this year expanded its business scope to include motorcycle manufacturing.
The company has been manufacturing motorcycles for Italy’s Adiva since June.
Yulon Motor has exported 205 motorcycles so far and expects shipments to reach 1,000 units this year and 2,000 next year, the company said, citing data from Adiva.
“We are open to taking orders to make both automobiles and motorcycles, and aim to provide total solutions for domestic and overseas customers,” Yulon Motor said.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
RSS