Taiwan Land Development Corp (TLDC, 台灣土地開發) yesterday posted net income of NT$475 million (US$16.3 million) for last year, nearly double its 2016 income, as investments in different parts of the nation started to bear fruit.
The results translated into earnings per share of NT$0.63, the Taipei-based developer said in a statement, adding that revenue grew to NT$768 million.
The company, known as Taikai Group (台開集團) abroad, used to focus on building industrial parks for the government, but has expanded its business interests to the development and operation of creative parks, hotels, retail spaces and residential complexes in Hsinchu, Nantou, Hualien and Kinmen counties.
Wind Lion Plaza (風獅城) in Kinmen, a shopping mall and build-operate-transfer venture with the county government, saw its revenue grow by 20 percent last year, the statement said.
An increase in visitors from Xiamen, China, accounted for the strong showing, even though the number of Chinese visitors to Taiwan continued to decline last year, it said.
The company in January inaugurated a Taoist temple in Hsinchu, the first phase of an ambitious project to turn a long-idle hillside into a religious and cultural park, as well as a residential complex.
The group is to open part of a digital entertainment facility called New Paradise (新天堂樂園) in Hualien next quarter, which is to feature assorted sports activities, as well as augmented-reality and virtual-reality games, the statement said.
The developer is building a 183-room hotel next to a shopping mall made of retired shipping containers in Hualien under its Fun House (樂多坊) brand, it said.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS