ELECTRONICS
HTC posts 2019 loss
HTC Corp (宏達電) on Friday posted net losses of NT$9.36 billion (US$308.89 million), or net losses per share of NT$11.43, for last year due to stiff competition in the global market and the inability of its virtual reality business to make up for slumping smartphone sales. While HTC posted net losses of NT$2.37 billion in the fourth quarter last year, its 17th loss-making quarter in the past 18 quarters, gross margin for the quarter rose 2.8 percentage points from a quarter earlier to 25.7 percent.
ELECTRONICS
Apple limits purchases
Apple Inc on Friday announced that it is limiting online purchases of select iPhone models in Taiwan and in other markets amid disruptions to its supply chain. On its Web site in Taiwan, Apple said that people would be limited to online purchases of no more than two of any of its latest iPhone models — the iPhone 11, the iPhone 11 Pro and the iPhone 11 Pro MAX. People can also buy no more than two of any of its earlier iPhone models — the iPhone XR, the iPhone 8 and the iPhone 8 Plus — per online purchase. The purchase limit for the new iPad Pro, which was unveiled on Wednesday, has also been set at two, while no more than five of the latest MacBook Air and the Mac mini can be bought at a time.
EXPORTS
Data show homeward trend
Export order data indicated a continued shift in production by Taiwanese businesses home from China because of measures to contain the COVID-19 outbreak, the Ministry of Economic Affairs said on Friday. Only 40.7 percent of the orders placed with Taiwanese firms last month were shipped from China, a decline of 8.1 percentage points from January, the data showed.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
The average pay to employees by ASE Technology Holding Co (日月光投控) was the highest among the companies listed on the local main board last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) ranked seventh, the Taiwan Stock Exchange (TWSE) said on Monday. Data compiled by the exchange showed ASE Technology, the world’s largest chip packaging and testing services provider, paid its employees an average of NT$6.28 million (US$199,746) last year, up 40 percent from a year earlier. TSMC, the world’s largest contract chipmaker and the most profitable company in Taiwan, paid its employees NT$4.09 million on average, up
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is now ranked ninth among the world’s 100 most valuable companies after its market capitalization more than doubled over the past year, PricewaterhouseCoopers (PwC) Taiwan said in a report last month. TSMC’s market capitalization surged 101 percent year-on-year to US$1.427 trillion as of March 31, the accounting and consulting firm’s 2026 Global Top 100 Companies by Market Capitalization report said. The gain catapulted the world’s largest contract chipmaker from 12th place to ninth in the rankings, and it was the fastest-growing among the global top 10, it said. TSMC was the only Taiwanese company among the top
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