The nation’s listed companies reported combined Chinese investment gains of NT$154.3 billion (US$5.23 billion) in the first half of the year, up 37 percent year-on-year, and the highest for the period, Financial Supervisory Commission data released on Tuesday showed, as some companies recovered from the COVID-19 pandemic and benefited from rising demand for devices used for remote working.
Chinese investment gains plunged 36 percent annually to NT$23.3 billion in the first quarter due to the COVID-19 outbreak, but increased 72 percent to NT$131 billion in the second quarter, the data showed.
“Demand for remote-working devices and consumer electronics rose, as people needed to work from home while under lockdown, which benefited our electronic providers,” Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) said.
Listed companies trimmed their investments in China by NT$4 billion in the second quarter, despite investment gains, data showed.
As of the end of June, listed firms’ accumulated investment in China totaled NT$2.524 trillion, up NT$13.4 billion from the end of last year, while the number of listed firms with investments in China dropped to 1,191, seven fewer than the end of last year, data showed.
Tsai said that the number of listed companies investing in China tends to fluctuate, so it was uncertain whether the pandemic could be blamed for firms leaving the market.
“While some firms left the market, other companies continued expanding production there or set up new subsidiaries,” Tsai said. “Computer firms and electronic component providers particularly increased their investment.”
Listed companies repatriated NT$18.1 billion of investment gains to Taiwan during the first half of this year, accounting for 20.15 percent of their total investment in China, data showed.
That raised accumulated repatriated funds to NT$508.7 billion, data showed.
Total overseas investment gains by listed firms increased 5 percent annually to NT$209.3 billion in the first half, thanks to a 41 percent increase in gains in the second quarter of NT$171.6 billion boosted by an increase in orders for devices used for remote working, Tsai said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
Taiwan’s long-term economic competitiveness will hinge not only on national champions like Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) but also on the widespread adoption of artificial intelligence (AI) and other emerging technologies, a US-based scholar has said. At a lecture in Taipei on Tuesday, Jeffrey Ding, assistant professor of political science at the George Washington University and author of "Technology and the Rise of Great Powers," argued that historical experience shows that general-purpose technologies (GPTs) — such as electricity, computers and now AI — shape long-term economic advantages through their diffusion across the broader economy. "What really matters is not who pioneers
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
RSS