ATM density triple average
The density of automated teller machines (ATMs) in Taiwan’s banking system is three times as high as the average in Asia, the Financial Supervisory Commission said on Thursday. There are 157 ATMs per 100,000 adult bank account holders in Taiwan, while in Asia the overall ratio is 51.8 ATMs, the commission said, citing data from October last year. Taiwan’s ATM density is higher than Japan’s (127.59), Singapore’s (66.46) and Hong Kong’s (51.8), the data showed. In terms of commercial banks, the density in Taiwan is 17.6 branches per 100,000 adult account holders, while Asia averages 9.1, the commission said.
Gogoro still on Cleantech list
Electric scooter producer Gogoro Inc (睿能創意) has made the Global Cleantech 100 for the third time and is the only Taiwanese company to make this year’s list. Gogoro earned a spot in the transportation and logistics category of the Global Cleantech 100, which was released on Thursday, and was praised for making vehicles that are effective for fleets and for the sheer scale of its share in many Asian and emerging markets.
Japan routes announced
Yang Ming Marine Transport Corp (陽明海運) aims to continue enhancing its intra-Asia service network by launching a new Taiwan-Japan service from Sunday, the container shipper announced this month. The new service would provide weekly direct services between Kaohsiung and Osaka, Kobe and Hakata, Yang Ming said. Furthermore, the transit time between Taiwan and Japan’s Kansai region would be shortened by at least one or two days, the shipper said.
FIVE NEW FABS: An acquisition of Siltronic would boost GlobalWafers’ market share from 17 to 30 percent, easily surpassing Japanese rival Sumco’s 25 percent GlobalWafers Inc (環球晶圓) yesterday said it is in final talks to acquire Germany-based Siltronic AG in a 3.75 billion euro (US$4.5 billion) deal, which might help it compete with its closest rival Sumco Corp of Japan. The acquisition would be the fifth for GlobalWafers since 2008, as it has grown to become the world’s No. 3 supplier of silicon wafers through such deals. GlobalWafers, which has a 17 percent market share, would see its market position greatly elevated to 30 percent when combined with Siltronic’s 13 percent, according to a presentation Siltronic gave to its investors at a quarterly conference in August. Sumco
With the speed cryptocurrency is emerging as the millennial generation’s alternative asset of choice in India, it is hard to imagine that just two years ago a couple of blockchain pioneers were briefly in police custody. Sathvik Vishwanath and Harish BV, cofounders of a then five-year-old start-up, were arrested in late 2018. No, they had not pulled off a shady initial coin offering. Their “crime” was that they put up a kiosk in a mall in Bangalore where customers could swap bitcoin, ether or ripple for cash or vice versa. That was the whole point of unocoin, their crypto token exchange.
CONCERNS: The bank would act if it noticed currency speculation, the governor said, but he did not comment on a likely trajectory of the NT dollar against the greenback The central bank would intervene in the market whenever necessary to help stabilize the New Taiwan dollar, central bank Governor Yang Chin-long (楊金龍) said yesterday, adding that it is concerned Taiwan might be placed on the US watchlist for currency manipulation. The Control Yuan recently sent letter inquiring about the central bank’s market regulation efforts, Yang told a meeting of the legislature’s Finance Committee on the NT dollar’s appreciation and property price hikes. “It is the central bank’s top responsibility to stabilize foreign exchanges,” he said. The central bank has often stepped in toward the end of trading sessions to moderate the NT
Qualcomm Inc expects global shipments of 5G smartphones to more than double to between 450 million and 550 million units next year from this year, driven by increasing 5G network deployment worldwide and broader adoption of 5G technology beyond smartphones, a company executive told a virtual news conference yesterday. The San Diego-based company said that more than five times more telecoms have commercially launched 5G services in the first 18 months of the 5G era, compared with wireless technology transitions to previous generations. The momentum is to pick up speed in 2022, with the shipment volume of 5G-ready smartphones projected to reach