CHIP DESIGNERS
RichWave remains bullish
RichWave Technology Corp (立積電子), which designs radio frequency ICs, said its business outlook for this year is positive as customer demand remains strong, despite the COVID-19 outbreak. Thanks to sustained growth in networking products and potential penetration of Huawei Technologies Co’s (華為) Wi-Fi front-end module supply chains, revenue this year is expected to be higher than last year’s NT$2.75 billion (US$91.3 million), RichWave said yesterday. The company posted net income of NT$190.74 million for last year, or earnings per share of NT$3.13, a 7.65 percent year-on-year increase from NT$177.19 million last year. The company’s board of directors has proposed distributing a cash dividend of NT$1.94, suggesting a payout ratio of 61.98 percent, RichWave said.
CHIP DESIGNERS
Aspeed posts higher revenue
Aspeed Technology Inc (信驊), which designs chips for servers that support cloud-computing technology, yesterday said higher demand for servers boosted revenue last year by 15.36 percent year-on-year to NT$2.48 billion, while net income increased 21.17 percent to NT$831 million, or earnings per share of NT$24.39. The company’s board of directors has proposed distributing a cash dividend of NT$22 per common share, a dividend yield of 2.19 percent based on the closing share price of NT$1,005 in Taipei yesterday.
RESTAURANTS
Tofu unveils payout plan
Tofu Restaurant Co (豆府), the largest chain of multibrand Korean restaurants in the nation, said its board of directors yesterday proposed distributing a cash dividend of NT$5.2 per share, a payout ratio of 78.1 percent based on last year’s earnings per share of NT$6.66. The board also proposed distributing a stock dividend of 3 percent. Tofu posted net income of NT$130.15 million for last year, up 12.99 percent from NT$115.18 million the previous year, with revenue rising 26.24 percent from NT$1.11 billion to NT$1.40 billion. The firm opened eight new outlets last year under the Dubu House Korea (涓豆腐), Hanok Tofu (北村豆腐家) and Han Jeong Sig (韓姜熙小廚房) brands, as well as launching its new Pho Tau Bay (越南飛機河粉) brand.
TELECOMS
CHT dividend proposed
Chunghwa Telecom Co’s (CHT, 中華電信) board of directors last week proposed distributing a cash dividend of NT$4.226 per common share, a payout ratio of 99.91 percent based on last year’s earnings per share of NT$4.23. Should the proposal be ratified, the total amount of cash distributed to shareholders would be NT$32.78 billion, the company said in a statement. The dividend proposal is subject to the approval of shareholders at an annual general meeting scheduled for May 29.
COMPUTERS
Advantech to buy stake
Advantech Co Ltd (研華), the world’s largest industrial computer maker, yesterday said it is to acquire a 20 percent stake in Impelex Data Transfer Co Ltd (銳鼎科技), a company that specializes in smart manufacturing solutions. Advantech plans to form a strategic partnership with Impelex to leverage the latter’s know-how in the metals processing and hand tool industries, the firm said in a statement. Advantech also plans to help Impelex multiply its sales channels through its Internet of Things cloud computing platform, it said. The acquisition is part of a plan to establish Advantech as an industry 4.0 solutions provider in Southeast Asia, the company 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
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