ELECTRONICS
Largan sales up 4 percent
Smartphone camera lens supplier Largan Precision Co (大立光) yesterday reported that unaudited sales last month rose 4 percent monthly and 17 percent annually to NT$4.51 billion (US$147.68 million). Sales in the first half of the year came to NT$21.17 billion, 4.28 percent lower than a year earlier, the company said. Largan is scheduled to hold its quarterly earnings conference on Thursday next week and investors are likely to focus on the company’s production yield rate and margin expansion as its top line grows.
CASINGS
Catcher upbeat on demand
Catcher Technology Co (可成科技), a metal casing supplier for Apple Inc, yesterday reported revenue of NT$7.2 billion for last month, up 3.6 percent month-on-month, but down 1.2 percent year-on-year. In the first six months, cumulative revenue totaled NT$41.16 billion, up 24.4 percent from a year earlier, the company said. Favorable industry trends of rising metal casing adoption and design complexity are expected to benefit Catcher due to its leading industry position, analysts said.
ELECTRONICS
Acquisition boosts Chilisin
Chilisin Electronics Corp (奇力新), the nation’s largest power inductor manufacturer, yesterday reported record sales of NT$1.71 billion for last month, up 71.65 percent year-on-year, which the company attributed to contribution from its newly acquired subsidiary Layers Scientific-Technics Co Ltd (美磊). In the first six months, cumulative sales totaled NT$7.38 billion, an annual increase of 26.53 percent, Chilisin said in a filing with the Taiwan Stock Exchange.
ELECTRONICS
Getac posts record revenue
Rugged PC vendor Getac Technology Corp (神基) yesterday posted record-high consolidated revenue of NT$2.07 billion for last month, up 14.21 percent year-on-year. In the first half of the year, revenue totaled NT$11.395 billion, up 11.44 percent from a year earlier. Sales in the second half are likely to maintain sequential growth driven by seasonal factors, analysts said.
HOSPITALITY
Humble House in shake-up
My Humble House Hospitality Management Consulting Co (寒舍餐旅) yesterday called a special board meeting and approved the appointment of managing director Wilhelm Tsai (蔡伯翰) as its chairman. Tsai served as acting chairman after Ellie Lai (賴英里) resigned on June 27 for personal reasons. Tsai, who joined the group in 2003, is to double as managing director, while Lai is to remain a board director, the company said.
FOREX
Reserves down US$153m
Foreign-exchange reserves amounted to US$457.12 billion as of the end of last month, a decline of US$153 million from the level in May, the central bank said yesterday. The depreciation of the euro and other currencies against the US dollar more than eroded asset management gains, the bank said.
BANKING
First Bank eyes Jakarta
First Commercial Bank (第一銀行) has obtained approval from the Financial Supervisory Commission to establish a representative office in Jakarta. The bank on Wednesday said it is awaiting approval from Indonesian authorities to set up its 17th office in Southeast Asia. The lender had a representative office in Jakarta before 2000, when it shuttered the office in light of the Asian financial crisis that began in 1997.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
A TAIWAN DEAL: TSMC is in early talks to fully operate Intel’s US semiconductor factories in a deal first raised by Trump officials, but Intel’s interest is uncertain Broadcom Inc has had informal talks with its advisers about making a bid for Intel Corp’s chip-design and marketing business, the Wall Street Journal reported, citing people familiar with the matter. Nothing has been submitted to Intel and Broadcom could decide not to pursue a deal, according to the Journal. Bloomberg News earlier reported that Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is in early talks for a controlling stake in Intel’s factories at the request of officials at US President Donald Trump’s administration, as the president looks to boost US manufacturing and maintain the country’s leadership in critical technologies. Trump officials raised the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple
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