Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, last year remained the most profitable company in Taiwan, Taipei-based credit information company CRIF (中華徵信所) said.
Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler also known as Foxconn (富士康), generated the most in sales in the country last year, CRIF said in its latest top-5,000 company report.
Last year, the top 5,000 companies in Taiwan, comprised of entities in the public and private sectors, posted NT$3.58 trillion (US$110.2 billion) in combined net profit, down 17.72 percent from a year earlier, while their aggregate revenue totaled NT$40.55 trillion, down 6.05 percent year-on-year.
Photo: Ann Wang, Reuters
The decline in net profit and sales is largely related to high inflation and inventory adjustments in the global supply chains, CRIF said.
As Taiwan is a major supplier of the world’s high-tech gadgets, the country is prone to the impact from global economic weakness, it added.
A total of 2,082 Taiwanese companies saw their sales falling year-on-year last year, while 1,107 businesses enjoyed growth in sales and net profit, it said.
Out of the 1,107 companies, 664 generated more than NT$1 billion in sales each, accounting for 59.98 percent, it said.
Among the top 5,000 firms in Taiwan, TSMC, which boasts advanced chip production technologies, raked in NT$838.5 billion last year, keeping the title as the most profitable company in Taiwan, it said.
Hon Hai was second after registering NT$142.1 billion in net profit, ahead of smartphone IC designer MediaTek Inc (聯發科, NT$77 billion), Fubon Financial Holding Co (富邦金控, NT$65 billion) and United Microelectronics Corp (聯電, NT$61 billion), CRIF said.
Other profitable companies last year included CTBC Financial Holding Co (中信金控, NT$57.6 billion), Cathay Financial Holding Co (國泰金控, NT$51.5 billion), CTBC Bank (中國信託銀行, NT$41.3 billion), contract notebook computer maker Quanta Computer Inc (廣達, NT$39.7 billion) and telecom services provider Chunghwa Telecom Co (中華電信, NT$36.9 billion).
Cathay Financial rose from 11th spot in 2022 to No. 7 last year, Quanta Computer returned to the top 10 for the first time since 2013; and Chunghwa Telecom rose back to the top 10 list after being absent for two years, according to CRIF.
Hon Hai generated NT$3.45 billion in sales last year, the most among the 5,000 companies, with its ranking unchanged from a year earlier. It was followed by TSMC (NT$2.15 trillion); Pegatron Corp (和碩, NT$1.18 trillion) state-owned oil supplier CPC Corp, Taiwan (中油, NT$1.10 trillion), and Quanta Computer (NT$907.95 billion), CRIF said.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
RSS