Wafer Works Corp (合晶) yesterday said that its board of directors had approved a plan to debut its Chinese subsidiary, Wafer Works (Shanghai) Corp (上海合晶), on the Shanghai Stock Exchange’s science and technology innovation board.
The Shanghai unit plans to issue new common shares valued at 10 to 25 percent of its capital, Wafer Works Corp said in a filing with the Taiwan Stock Exchange.
“The share offering would help Wafer Works (Shanghai) to expand its business in the Chinese market, attract talent and retain employees” by awarding shares, the parent company said.
The Taoyuan-based company said it plans to submit an application to the Shanghai Stock Exchange to issue yuan-dominated shares of the unit.
It plans to use the proceeds to expand its capacity in China and generate more profit, it said.
The Shanghai-based company operates four manufacturing sites in China, including a 12-inch silicon wafer manufacturing fab. In Taiwan, Wafer Works primarily makes 6-inch, 8-inch and 12-inch wafers.
Wafer Works is to hold an extraordinary shareholders’ meeting on Feb. 26 to gain approval for the plan.
The company’s stake in the unit is to drop to between 34.52 and 43.6 percent from 60 percent after the new shares are issued, it said.
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
RSS