Chaun-Choung Technology Corp (超眾), which supplies heat-dissipation modules for PCs and networking devices, yesterday said that it would invest US$10 million to set up a unit in Vietnam.
The firm said it aims to establish a core production site in the country and capture growing business opportunities through its new subsidiary, Nidec Chaun Choung Vietnam Corp, which is still pending approval by Vietnamese authorities.
The news came after the firm last month announced plans to set up a production facility to produce vapor chambers and thermal modules in Vietnam’s capital, Hanoi.
The company said that it would invest up to US$172 million within seven years in Vietnam.
Funding and support for the investment project purportedly came from Japan’s Nidec Corp, which became a major stakeholder after acquiring a 48 percent stake in the Taiwanese firm over a year ago for NT$4.48 billion (US$149.62 million) via a tender offer.
After having received orders from Sony Corp for its PlayStation 5, Chaun-Choung is expanding capacity for vapor chamber production this quarter at its plant in Kunshan, China, Chinese-language United Daily News reported last month.
The company’s expansions would help it meet growing demand for thermal solutions from mobile phone vendors, fueled by the launching of 5G models, which generate more heat on average compared with their 4G predecessors, analysts said, adding that the rise in demand would also benefit industry peers, including Taisol Electronics Co (泰碩) and Auras Technology Co Ltd (雙鴻).
US market researcher International Data Corp has predicted that shipments of 5G smartphones would reach 123.5 million units this year, making up 8.9 percent of total smartphone shipments.
Meanwhile, the global thermal management market is expected to increase at a compound annual growth rate of 8 percent, from US$11.1 billion last year to US$16.2 billion by 2024, during which the Asia-Pacific region should see the greatest growth, the Ireland-based market intelligence provider ResearchandMarkets.com has estimated.
The firm’s revenue last year increased 12.06 percent year-on-year to NT$8.59 billion, while net profit surged 48.13 percent to NT$587.71 million over the first three quarters of last year, or earnings per share of NT$6.81, up from NT$4.6 in 2018.
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
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
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
RSS