ENERGY
J&V applies to list on board
J&V Energy Technology Co (雲豹能源) yesterday said that it has applied to list on the Taiwan Stock Exchange’s Taiwan Innovation Board, after starting trading its shares on the Emerging Stock Board in January. The exchange has encouraged start-ups and biotechnology firms to list on the new board regardless of their profit performance, as it focuses more on their market potential. J&V Energy’s businesses include solar power, offshore wind power, energy storage, power sales platform and water treatment. It reported cumulative revenue of NT$4.49 billion (US$144.35 million) in the first 10 months of this year, with an annual growth of 1,008.64 percent, which surpassed the NT$2.155 billion it registered for the whole of last year. The Taiwan Innovation Board was launched in July last year, with only one company debuting its shares so far.
RESTAURANTS
Din Tai Fung to raise prices
The Din Tai Fung (鼎泰豐) restaurant chain, renowned for its steamed dumplings, is to hike prices on certain items in light of rising production costs. Effective from Tuesday next week, prices of 140 items are to increase by 4 percent on average, the chain said on its Web site yesterday. It has raised prices for two years in a row to reflect higher raw material and labor costs. The price of steamed dumplings is to increase NT$2 to NT$25 each, it said. The price of shrimp fried rice with egg is to increase from NT$250 to NT$270, while steamed chicken soup is to cost NT$230 per bowl, up from NT$220, it added.
ENERGY
Swancor changes name
Offshore wind farm developer Swancor Renewable Energy Co (SRE, 上緯新能源) yesterday changed its name to Synera Renewable Energy Co (風睿能源). “The new company name, Synera, is derived from the words ‘synergy’ and ‘era.’ It faithfully reflects how our team members have worked together in solidarity over the past decade to navigate challenges and stand at the forefront of a new era of offshore wind power,” SRE chairman Lucas Lin (林雍堯) said in a statement. The company is fully engaged in phase 3, or “zonal development,” of the government’s offshore wind farm development plan, it said. The experience of developing, building, operating and maintaining offshore wind farms in northwestern Taiwan would aid the company in developing two large offshore wind projects — the bottom-fixed Formosa 4 and floating Formosa 5 — off Miaoli County, it said.
HOME APPLIANCES
Taiwan Sakura posts profit
Taiwan Sakura Corp (台灣櫻花) posted NT$2.5 billion in net profit for last quarter, suggesting an 11.8 percent increase year-on-year on the back of healthy demand for kitchen appliances and related products. The results translated into earnings per share of NT$1.15, the company reported last week. In the first three quarters of the year, cumulative revenue rose 14.6 percent year-on-year to NT$6.05 billion and net profit increased 4.5 percent to a record NT$7.5 billion, with earnings per share of NT$3.47, it said. The Taichung-based company primarily manufactures and sells water heaters, gas stoves, range hoods and integrated kitchens. The company also provides delivery services for oil screens, security-check services and maintenance services.
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 is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
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