Clients of Citibank Taiwan Ltd (台灣花旗) have had one of their busiest years, as the bank’s institutional businesses supported them across capital raising, merger and acquisitions (M&As) and trade, among other areas.
Citi remains optimistic that clients would continue to drive growth across its institutional franchise, given the momentum and aspirations of local companies.
Over the past couple of years, Citi has been an adviser on five Taiwan-related M&As, which included industries such as technology, retail sales, renewable energy and financial services. The transactions were transformational, making the companies global leaders in their industries.
Photo courtesy of Citibank Taiwan Ltd
This year, Citi has used pre-initial public offering placements, block trades, convertible and exchangeable bonds, and US dollar bond issuances to raise billions of dollars across the local and global capital markets for Taiwanese corporations.
“Taiwan is home to many world-class companies and we are committed to supporting their ambitions. There is a massive transformation happening across all industries and with a global network, this has helped sharpen Citi’s dialogue with clients in Taiwan, as they increasingly want a regional and global perspective,” said Christie Chang (張聖心), head of banking, capital markets and advisory at Citibank Taiwan and chair of Asia-Pacific Corporate Banking.
Citibank Taiwan has seen solid growth in its local corporate banking business as it supports the domestic and international banking needs of companies, whose supply chains are evolving further.
The bank’s local and regional networks connect Taiwanese corporations to the rest of Asia, while Citigroup connects them to a global network of 160 markets.
Some of the bank’s inflows that have grown the most this year have been across trade corridors involving Taiwan.
This year, outflows from Taiwan to India have increased nearly 50 percent, while outflows from Taiwan to ASEAN members have risen about 20 percent, as firms continue to diversify their supply chains.
The bank has also seen steady growth in inflows to Taiwan, too, most notably from companies in Australia, India and Japan.
MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it plans to double investment in data center-related technologies, including advanced packaging and high-speed interconnect technologies, to broaden the new business’ customer and service portfolios. The chip designer is redirecting its resources to data centers, mainly designing application-specific integrated circuits (ASIC) with artificial intelligence (AI) capabilities for cloud service providers. The data center business is forecast to lead growth in the next three years and become the company’s second-biggest revenue source, replacing chips used in smart devices, MediaTek president Joe Chen (陳冠州) told a media event in Taipei. “Three or four years
CHIP HANG-UP: Surging memorychip prices would deal a blow to smartphone sales this year, potentially hindering one of MediaTek’s biggest sources of revenue MediaTek Inc (聯發科), the world’s biggest smartphone chip designer, yesterday said its new artificial intelligence (AI) chips used in data centers are to account for 20 percent of its total revenue next year, as cloud service providers race to deploy AI infrastructure to meet voracious demand. MediaTek is believed to be developing tensor processing units for Google, which are used in AI applications. While it did not confirm such reports, MediaTek said its new application-specific IC (ASIC) business would be a new growth engine for the company. It again hiked its forecast for the addressable ASIC market to US$70 billion by 2028, compared
Until US President Donald Trump’s return a year ago, when the EU talked about cutting economic dependency on foreign powers — it was understood to mean China, but now Brussels has US tech in its sights. As Trump ramps up his threats — from strong-arming Europe on trade to pushing to seize Greenland — concern has grown that the unpredictable leader could, should he so wish, plunge the bloc into digital darkness. Since Trump’s Greenland climbdown, top officials have stepped up warnings that the EU is dangerously exposed to geopolitical shocks and must work toward strategic independence — in defense, energy and
Motorists ride past a mural along a street in Varanasi, India, yesterday.
RSS