The Taiwanese stock market promises to be an attractive destination for private equity funds after the global financial crisis almost halted capital market activity in the US and Europe, fund managers told a forum on Asian private equity and ventures yesterday.
Polaris Financial Group (寶來集團) vice chairman Huang Chih-yuan (黃齊元) told the forum, organized by AVCJ Group in Taipei, that the local bourse had benefited from what he and others called the “peace dividends” of improving ties between Taiwan and China following the election of President Ma Ying-jeou (馬英九).
“The investment environment has improved significantly with the government in Taiwan deregulating cross-strait trade,” Huang said.
Taiwan’s industrial makeup is more diversified than that of Hong Kong, he said.
With scores of companies based in China and elsewhere applying to trade on the Taiwanese stock market, Huang said it could pave the way for the nation to become a financial hub.
Meanwhile, Ben Yang (楊邦彥), a general partner at Pacific Venture Partners (怡和創投), said the Taiwan Stock Exchange (TWSE) could evolve into the Asian version of NASDAQ, given the importance of high-tech firms.
Yang said the government had to take bolder and quicker steps to open the industry.
“If the government fails to open the technology industry, there is little promise of the TWSE turning into a NASDAQ,” Yang said, adding that deregulation was occurring, albeit at a slow pace.
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
When she was in fifth grade, Scarlett Goddard Strahan started to worry about getting wrinkles. By the time she turned 10, she and her friends were spending hours on ByteDance Ltd’s TikTok and Google’s YouTube watching influencers tout products for achieving today’s beauty aesthetic: a dewy, “glowy,” flawless complexion. Goddard Strahan developed an elaborate skin care routine with facial cleansers, mists, hydrating masks and moisturizers. One night, her skin began to burn intensely and erupted in blisters. Heavy use of adult-strength products had wreaked havoc on her skin. Months later, patches of tiny bumps remain on her face, and her cheeks turn
Intel Corp is working with investment bankers to help navigate the most difficult period in its 56-year history, people familiar with the matter said. The company is discussing various scenarios, including a split of its product design and manufacturing businesses, and which factory projects might potentially be scrapped, the people said, who asked not to be identified. Morgan Stanley and Goldman Sachs Group Inc, Intel’s longtime bankers, have been providing advice on the possibilities, which could also include potential mergers and acquisitions, the people said. The discussions have only grown more urgent since Intel delivered a grim earnings report, which sent the
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a