FOOD AND BEVERAGE
UPE’s net income drops
Uni-President Enterprises Corp (UPE, 統一企業), the nation’s largest food and beverage conglomerate, yesterday reported an annual decline in net income for last year, affected by lower contributions from its subsidiaries amid rising prices of raw materials and the COVID-19 pandemic. Its consolidated net profit was NT$19.88 billion (US$699.14 million) last year, down 7.7 percent from a year earlier, or earnings per share of NT$3.5, down from NT$3.79 in 2020. Consolidated revenue rose 5.9 percent year-on-year to NT$473.5 billion. Of Tainan-based UPE’s Taiwan subsidiaries, President Chain Store Corp’s (統一超商) net profit fell 13.4 percent, while Ton Yi Industrial Corp’s (統一實業) surged 101 percent from a year earlier, company data showed. Its Chinese unit, Uni-President China Holdings Ltd’s (統一中國控股) net profit dropped 7.7 percent.
RENEWABLE ENERGY
Motive sets up Taipei hub
UK-based Motive Offshore Group, which specializes in the design, manufacture, rental and inspection of marine and lifting equipment, yesterday said that it has set up a renewables hub in Taipei with an operational base near the Port of Taichung. Since entering the local market in 2018, the group has played an instrumental role in the development and commissioning of offshore wind projects, as well as deploying multi-sector solutions to support the local supply chain, it said in a statement. The new facility has already resulted in the creation of 10 jobs in Taipei, it said. To enhance local trade and investment in the region, Motive has joined forces with specialist organizations V-TES Renewables and PanGeo Subsea — which are based in Aberdeen, Scotland —to establish the Subsea Cable Alliance. The alliance would consolidate a complex local trade landscape through a single partner, resulting in reduced time and costs for logistics and contractual resources while enhancing vessel uptime, Motive said.
COMPUTERS
Quanta, Compal report sales
Contract notebook computer makers Quanta Computer Inc (廣達) and Compal Electronics Inc (仁寶) yesterday reported that their sales for last month were a record for February, although they were lower than the previous month, as there were fewer working days because of the Lunar New Year holiday. Revenue at Quanta decreased 10 percent month-on-month, but increased 13.2 percent year-on-year to NT$90.69 billion, the company said in a statement. It shipped 4.8 million notebook computers last month, down 1.2 million units from January. Quanta forecast that its first-quarter notebook shipments would perform better than previously, dropping less than 20 percent from a quarter earlier. Compal said in a separate statement that its sales declined 0.3 percent monthly, but rose 16.7 percent annually to NT$82.44 billion. It shipped 3.6 million laptops last month, flat from a month earlier, the company said.
SEMICONDUCTORS
Vanguard’s sales jump
Vanguard International Semiconductor Corp (世界先進) yesterday reported consolidated sales of NT$4.25 billion for last month, up 50.72 percent from NT$2.82 billion a year earlier, it said in a news release. “Due to an increase of shipments and a better product mix, net sales for February increased about 1.56 percent compared with NT$4,179 million the previous month,” Vanguard chief financial officer Amanda Huang (黃惠蘭) said in the release. Cumulative sales from January to last month increased 50.53 percent from NT$5.596 billion in the same period last year, the firm said.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
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