Momo.com Inc (富邦媒體) yesterday broke ground for an automated logistics center in Changhua County’s Homei Township (和美) to assist the e-commerce operator in meeting its storage needs for fast delivery.
Construction of the logistics center is expected to be completed in 2027, which would help shorten the lead time for packages delivered to consumers in central Taiwan, the company said in a statement.
Upon completion, the Changhua center would be the company’s largest and most advanced logistics center in the nation, compared with its northern center in Taoyuan’s Dayuan District (大園) and southern center in Tainan’s Sinshih District (新市).
Photo: Liu Hsiao-hsin, Taipei Times
The construction site covers 9,800 ping (32,397m2), Momo said.
The company plans to build eight floors above ground and two below, investing a total of about NT$7.6 billion (US$235.67 million) in the logistics center, it said.
Central Taiwan accounts for 25 percent of Momo’s orders in Taiwan, the company said, adding that the new Changhua center is expected to process 250,000 packages per day and be able to store 5.4 million packages.
Apart from ensuring quality, speedy service for consumers in central Taiwan, the new investment is also expected to help reduce the number of deliveries and lower carbon emissions in the region, it said.
Momo, which operates three platforms — online shopping, TV home shopping and catalog shopping — has benefited from its greater logistics efficiency and a wider range of product diversity compared with local peers, with its third-quarter revenue hitting a record high NT$25.07 billion, the company reported on Tuesday.
Net profit was NT$749.86 million in the July-to-September quarter, lower than NT$842.55 million a quarter earlier and NT$756.36 million a year earlier, due to one-time asset impairment charges, the company said.
Earnings per share were NT$3.12 in the third quarter, it said.
Thanks to improving operational efficiency and economies of scale, net profit in the first three quarters of the year grew 2.8 percent year-on-year to NT$2.48 billion, with earnings per share rising from NT$10.04 to NT$10.32.
Revenue in the first three quarters hit a record NT$76.41 billion, as sales of cosmetics, healthcare, sports and leisure products maintained double-digit percentage growth from a year earlier, whereas consumer electronics and household items saw slower sales growth due to a high comparison base last year.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
‘FAILED EXPORT CONTROLS’: Jensen Huang said that Washington should maximize the speed of AI diffusion, because not doing so would give competitors an advantage Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) yesterday criticized the US government’s restrictions on exports of artificial intelligence (AI) chips to China, saying that the policy was a failure and would only spur China to accelerate AI development. The export controls gave China the spirit, motivation and government support to accelerate AI development, Huang told reporters at the Computex trade show in Taipei. The competition in China is already intense, given its strong software capabilities, extensive technology ecosystems and work efficiency, he said. “All in all, the export controls were a failure. The facts would suggest it,” he said. “The US
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
French President Emmanuel Macron has expressed gratitude to Hon Hai Precision Industry Co (鴻海精密) for its plan to invest approximately 250 million euros (US$278 million) in a joint venture in France focused on the semiconductor and space industries. On his official X account on Tuesday, Macron thanked Hon Hai, also known globally as Foxconn Technology Group (富士康科技集團), for its investment projects announced at Choose France, a flagship economic summit held on Monday to attract foreign investment. In the post, Macron included a GIF displaying the national flag of the Republic of China (Taiwan), as he did for other foreign investors, including China-based