FOORWEAR
Sports Gear seeks listing
Sports Gear Co Ltd (志強國際) is applying for a listing on the nation’s main board, the Taiwan Stock Exchange said yesterday. The Cayman Islands-registered company mainly produces athletic footwear, casual shoes and balls, the exchange said. With a paid-in capital of NT$1.74 billion (US$60.7 million), the company reported earnings per share (EPS) of NT$0.94 in the first three quarters of this year. Its EPS in the past three years were NT$6.02 last year, NT$8.09 in 2018 and NT$12.37 in 2017, the exchange said. Separately, the exchange approved a listing application by Acer Inc (宏碁) subsidiary Weblink International Inc (展碁國際), which provides marketing and membership management software services, it said. The company reported EPS of NT$1.94 in the first three quarters, up 70 percent from the same period last year.
REAL ESTATE
Hiyes revenue soars 15.8%
Hiyes International Co Ltd (海悅國際開發), the nation’s largest housing broker, yesterday reported that revenue last month grew 15.8 percent month-on-month and 40.84 percent year-on-year to NT$439 million, a monthly record for the company. The firm attributed the growth to launches of new housing projects by developers across the nation. It has risen on the tide of a booming market through various strategies, it said. In the first 11 months of the year, cumulative revenue surged 134.34 percent from a year earlier to NT$3.13 billion, the company said.
TECHNOLOGY
Adata revenue grows 8%
Adata Technology Co (威剛科技), the world’s second-largest memory module supplier, yesterday said its revenue last month increased 8.06 percent to NT$3.12 billion from October, benefiting from a steady demand for memory products. On an annual basis, last month’s revenue rose 23.4 percent and hit the second-highest level this year, it said. In the first 11 months, Adata saw revenue total NT$29.28 billion, up 26.43 percent from the same period last year.
ECONOMY
Vouchers expire this month
Nearly 3 percent of people who are eligible to purchase Triple Stimulus Vouchers, have not yet done so, the Ministry of Economic Affairs said on Wednesday, adding that the vouchers can only be used until Dec. 31. The government launched the voucher program on July 15 to encourage consumption amid the COVID-19 pandemic. In a statement, the ministry said that more than 23 million people, or more than 97 percent of those eligible, have bought the vouchers.
FINANCE
Vanguard loses mandate
Vanguard Group Inc lost a mandate to run at least US$590 million in Taiwanese government pension and insurance assets due to its weak performance. Assets managed by Vanguard under an Asia-Pacific mixed index mandate were redeemed prematurely due to long-term underperformance, the Bureau of Labor Funds said on its Web site on Tuesday in its October update. The Vanguard funds returned about 13 percent since inception in August 2016, about half the benchmark’s 26 percent gain, according to the previous month’s statement. With the ouster of Vanguard, New York-based BlackRock Inc is now the main manager of Taiwan’s Asia-Pacific stock mandate, the bureau said. It oversaw more than US$700 million as of Oct. 31, the statements showed.
SEMICONDUCTOR SERVICES: A company executive said that Taiwanese firms must think about how to participate in global supply chains and lift their competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it expects to launch its first multifunctional service center in Pingtung County in the middle of 2027, in a bid to foster a resilient high-tech facility construction ecosystem. TSMC broached the idea of creating a center two or three years ago when it started building new manufacturing capacity in the US and Japan, the company said. The center, dubbed an “ecosystem park,” would assist local manufacturing facility construction partners to upgrade their capabilities and secure more deals from other global chipmakers such as Intel Corp, Micron Technology Inc and Infineon Technologies AG, TSMC said. It
EXPORT GROWTH: The AI boom has shortened chip cycles to just one year, putting pressure on chipmakers to accelerate development and expand packaging capacity Developing a localized supply chain for advanced packaging equipment is critical for keeping pace with customers’ increasingly shrinking time-to-market cycles for new artificial intelligence (AI) chips, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday. Spurred on by the AI revolution, customers are accelerating product upgrades to nearly every year, compared with the two to three-year development cadence in the past, TSMC vice president of advanced packaging technology and service Jun He (何軍) said at a 3D IC Global Summit organized by SEMI in Taipei. These shortened cycles put heavy pressure on chipmakers, as the entire process — from chip design to mass
Germany is to establish its first-ever national pavilion at Semicon Taiwan, which starts tomorrow in Taipei, as the country looks to raise its profile and deepen semiconductor ties with Taiwan as global chip demand accelerates. Martin Mayer, a semiconductor investment expert at Germany Trade & Invest (GTAI), Germany’s international economic promotion agency, said before leaving for Taiwan that the nation is a crucial partner in developing Germany’s semiconductor ecosystem. Germany’s debut at the international semiconductor exhibition in Taipei aims to “show presence” and signal its commitment to semiconductors, while building trust with Taiwanese companies, government and industry associations, he said. “The best outcome
Semiconductor equipment billings in Taiwan are expected to double this year, as manufacturers in the industry are keen to expand production to meet strong global demand for artificial intelligence applications, according to SEMI, which represents companies in the electronics manufacturing and design supply chain. Speaking at a news conference before the opening of Semicon Taiwan trade show tomorrow, SEMI director of industry research and statistics Clark Tseng (曾瑞榆) said semiconductor equipment billings in Taiwan are expected to grow by an annual 100 percent this year, beating an earlier estimate of 70 percent growth. He said that Taiwan received a boost from a
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