PC brand Acer Inc (宏碁) plans to raise the price of products made in China and sold to the US by 10 percent in response to US President Donald Trump hiking tariffs on imports from China.
Acer said on Monday that the planned 10 percent will be a default price increase based on Trump’s tariff hike, confirming a report in the Daily Telegraph over the weekend citing chairman Jason Chen (陳俊聖).
In the Daily Telegraph report, Chen said products shipped before the 10 percent tariff took effect on Feb. 4 will not be affected so the price hike will take place in the coming weeks.
Photo: Fang Wei-chieh, Taipei Times
“We will have to adjust the end user price to reflect the tariff,” Chen said in the report. “We think 10 percent will be the default price increase because of the import tax. It’s very straightforward.”
The report said Acer’s most expensive laptops cost up to US$3,700 in the US market, so the price hike is expected to increase the price American consumers have to pay by hundreds of dollars.
According to market information advisory firm Gartner Inc, Acer was the fifth-largest PC vendor in the US market in the fourth quarter of last year with a 5.8 percent share, trailing US-based HP Inc with 26.1 percent, Dell Inc with 21.8 percent, China’s Lenovo Group Ltd (聯想) with 17.2 percent and Apple Inc with 14.9 percent.
Asustek Computer Inc (華碩), another Taiwanese PC vendor, took the sixth spot with a 5.2 percent share of the US market in the fourth quarter, Gartner said.
The Daily Telegraph said almost 80 percent of notebook computers shipped to the US market are made in China.
Chen also told the Daily Telegraph that Acer is considering the possibility of different supply chains outside China, and production in the US market is one of the options.
The report echoed remarks made by Chen when he spoke with Taiwanese news media on Feb. 3 that amid Trump’s tariff actions, a PC brand, like Acer, has to choose a supply chain that benefits the company most by taking into consideration a range of factors, including production costs and logistics expenses, to make the most favorable choice.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,