People walk outside the Colosseum in Rome on Thursday. The Colosseum has extended its opening hours at night to allow more people to see the Roman amphitheater in cooler temperatures after sunset.
Photo: AFP
South Korea’s SK Hynix Inc is considering options for its Chongqing, China-based facility, including bringing in an investor to help accelerate growth, people with knowledge of the matter said. The company, a key supplier of high-bandwidth memory chips to Nvidia Corp, is speaking with prospective advisers to help review the business, the people said, asking not to be identified discussing private information. A potential stake sale could value the facility at about US$3 billion, the people said. The Chongqing facility provides a large scale semiconductor packaging and testing base, helping boost the company’s NAND flash back-end production to grow globally. Suitors may include
E.Sun Financial Holding Co (玉山金控) is to formally merge with Mercuries Life Insurance Co (三商美邦人壽) on Sept. 1, creating Taiwan’s fifth-largest listed financial holding company by assets and paving the way for capital injections totaling NT$22 billion (US$683.91 million) to shore up the insurer’s finances, top executives said yesterday. “The first priority after the merger will be to bring the insurer back to health through capital injections,” E.Sun Financial chairman Joseph Huang (黃男州) told a news conference in Taipei ahead of a company earnings call. E.Sun would inject NT$16 billion into Mercuries Life next month, followed by another NT$6 billion next year,
WELL MATCHED: The joint venture would lower Sony’s spending burden to stay relevant in chips, while TSMC secures steady revenue, said an analyst, calling it ‘virtually risk-free’ Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Sony Group Corp are in talks to spend a combined ￥1 trillion (US$6.3 billion) on their planned image sensor factory in Japan, a person familiar with the matter said. The companies are seeking to begin production in 2029, the person said, asking not to be named because the talks are private. No time frame was given for the investment under discussion, they said. TSMC and the Japanese company’s chip arm, Sony Semiconductor Solutions Corp, are eyeing demand for artificial intelligence (AI)-wielding robots and self-driving vehicles, which are expected to require more sensors to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its board of directors has approved investment of ￥282 billion (US$1.77 billion) to form a joint venture with Sony Semiconductor Solutions Corp to develop and manufacture next-generation image sensors for smartphones in Japan. The joint venture, Advanced Vision Semiconductor Manufacturing Corp, would be sited in Koshi City, Kumamoto Prefecture, TSMC said in a statement. It should commence volume production in 2029, TSMC said. Sony Semiconductor would invest ￥465 billion in the joint venture through a combination of cash and assets, the statement said. These capital contributions are expected to be made in phases based
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