Foreigners buy NT$30.78bn
Foreign investors last week bought a net NT$30.78 billion (US$1.11 billion) of local shares after buying a net NT$30.69 billion the previous week, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold an accumulated NT$479.48 billion of local shares since the beginning of the year, it said. Last week, the top three shares bought by foreign investors were Tatung Co (大同), Innolux Corp (群創) and AU Optronics Corp (友達光電), while the top three sold were China Steel Corp (中鋼), Compal Electronics Inc (仁寶電腦) and Taiwan Business Bank (台灣企銀), the exchange said. As of Friday last week, the market capitalization of shares held by foreign investors was NT$24.05 trillion, or 43.93 percent of total market capitalization, it said.
Appier starts hiring push
Artificial intelligence (AI) solution provider Appier Inc (沛星互動科技) has launched a campaign to recruit about 100 employees in a wide range of areas, including software engineering, product management, data science, analysis and marketing. In a statement released on Friday, Appier said it would hold recruitment events on university campuses to familiarize student applicants with the company’s culture and work requirements. By expanding its employment size, the company is determined to continue contributing to Taiwan’s industrial transformation, technology upgrades and talent cultivation, Appier said. The company offers a platform to facilitate real-time bidding and programmatic media buying, while providing AI, data and cross-screen targeting solutions.
Standard offers US$2bn SLL
Standard Chartered Bank (Taiwan) Ltd (渣打國際商業銀行) is to offer a sustainability-linked loan (SLL) of US$2 billion to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the largest such loan in Taiwan and the biggest the bank has ever provided, it said on Thursday. Standard Chartered said it would cut the lending rates if TSMC has a good sustainability performance such as by reducing its greenhouse gas emissions, and water and air pollution, as well as increase its use of renewable energy. DBS Bank Taiwan (星展台灣) on Thursday also announced it would offer an SLL of 1 billion euros (US$1.13 billion) to TSMC. The lender said it would evaluate whether to cut the lending rates based on TSMC’s performance in green manufacturing, workplace progress, supply chain responsibility, talent cultivation and treatment of minorities, it said.
PharmaEssentia drug cleared
PharmaEssentia Corp (藥華醫藥) received US Food and Drug Administration (FDA) approval for a new drug to treat adults with a rare blood disease, the company said last week. The agency on Nov. 13 approved the drug Besremi (ropeginterferon alfa-2b-njft, P1101) to treat polycythemia vera, a blood cancer that causes the overproduction of red blood cells, the company said. The approval would allow PharmaEssentia to venture into the US market, and the company is preparing to make Besremi available to distributors in the US in the next three to four weeks, it said. The drug had already received orphan drug designation for the treatment of polycythemia vera in the US, the company said. With the FDA approval, PharmaEssentia would have seven years of orphan drug exclusivity in the US market, it added. P1101 has been approved in Taiwan, the EU, Israel, South Korea and Switzerland, the company said.
UNSTABLE? Downplaying geopolitical concerns, Mark Liu said that Taiwan can help usher in a bright, new era for the chip industry with its tech and manufacturing skills There are probably not many people who believe that Taiwan is unstable because of geopolitical factors, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) said yesterday in Taipei in response to comments by Intel’s top executive. Intel CEO Pat Gelsinger on Wednesday told the Fortune Brainstorm Tech summit in California that the US government should support a sustainable semiconductor supply chain in the US, in part because “Taiwan is not a stable place.” With China sending 27 military warplanes into Taiwan’s air defense identification zone on Sunday, Gelsinger asked: Does that “make you more comfortable or less if you’re now
‘OUT IN FRONT’: The new investment is part of MediaTek’s bid to expand revenue by 15 percent over the next three years from an estimated US$17 billion this year MediaTek Inc (聯發科) is to continue investing in the development of low-power technologies to maintain its leading position in the industry over the next 10 years, the Hsinchu-based chip designer said yesterday. This year, it would allocate US$3.3 billion to the research and development of technologies related to high-performance computing, low power and advanced chip packaging, MediaTek said. The investment is part of the chip designer’s efforts to enhance its technological capabilities and boost revenue. MediaTek aims to expand revenue by about 15 percent over the next three years from an estimated US$17 billion this year. “We are definitely out in front of
Toyota Motor Corp is to launch an all-electric small sedan in China late next year, having turned to local partner BYD Co (比亞迪) for key technology to finally make an affordable yet roomy runaround, four sources said. Two of the four people with knowledge of the matter described the car as an electric holy grail for Toyota, which has struggled for years to come up with a small electric vehicle (EV) that is competitive on cost in China and does not compromise on comfort. The sources said the breakthrough was chiefly down to BYD’s less bulky lithium-iron-phosphate (LFP) Blade batteries and its
Danish wind turbine maker Vestas A/S yesterday said it has invested NT$9 billion (US$324.64 million) in its local supply chain to supply components for its 9.5 megawatt (MW) V174 turbine. The project has helped created 1,500 jobs, including 150 jobs by Vestas itself, Vestas country manager Alex Robertson said. The turbine is to be used in four offshore wind farm projects for a total of 123 wind turbine generators, or 1.2 gigawatts (GW) of total capacity, he said. “This is localization like I’ve never seen before,” Robertson told a media briefing in Taipei. Vestas highlighted 10 Taiwanese supply chain partners that are