Fubon Financial Holding Co (
Net income rose to NT$15.1 billion (US$475 million) or NT$2.04 a share, from NT$14 billion or NT$1.91 a share in 2003, it said in a statement to the Taiwan Stock Exchange. The unaudited profit fell short of the company's forecast of NT$16 billion profit for the year.
Taiwan's financial institutions have benefited from last year's expected 5.93 percent expansion for the economy, which grew 3.3 percent in 2003. Total lending by the nation's financial institutions gained 10.7 percent to NT$15.9 trillion in December from a year earlier, the central bank said.
Also yesterday, Hua Nan Financial Co (華南金控), Taiwan's fourth-biggest financial services group, forecast profit of NT$10.7 billion (US$336.8 million) for this year, unchanged from its unaudited profit last year.
Hua Nan expects earnings per share of NT$1.93 this year, with unaudited profit of NT$10.7 billion, or NT$1.92 a share last year.
Chinatrust Financial Holding Co (中信金控), the nation's sixth-biggest financial services company posted profit of NT$15.4 billion (US$484 million) for last year, citing unaudited figures.
Net income fell short of the company's forecast of NT$17.2 billion, Chinatrust said in a statement to the stock exchange, without giving any reasons. Chinatrust posted earnings per share of NT$2.60 for last year, it said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) halted shipments to a customer this month after its semiconductors were sent to China’s Huawei Technologies Co (華為), potentially breaching US sanctions, a government official said. The US slapped sanctions on Huawei in 2019, and expanded them the following year, over fears its technology could be used for Beijing’s espionage operations. The restrictions prevent TSMC from selling semiconductors to Huawei. However, TSMC discovered on Oct. 11 that chips made for a “specific customer” had ended up with the Chinese company, a Taiwanese official with knowledge of the incident said on the condition of anonymity. TSMC “immediately activated
US SANCTIONS: The Taiwan tech giant has ended all shipments to China-based Sophgo Technologies after one of their chips was discovered in a Huawei phone Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) suspended shipments to China-based chip designer Sophgo Technologies Ltd (算能科技) after a chip it made was found on a Huawei Technologies Co (華為) artificial intelligence (AI) processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei’s Ascend 910B, the people said. Huawei is restricted from buying the technology to protect US national security. Reuters could not determine how the chip ended up on the Huawei product. Sophgo said in a statement on its Web site yesterday that it was in compliance with all laws
TECH TITANS: Nvidia briefly overtook Apple again on Friday after becoming the world’s largest company for a short period in June, as Microsoft fell to third place Nvidia Corp dethroned Apple Inc as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, slightly above Apple’s US$3.52 trillion, London Stock Exchange Group data showed. Nvidia ended the day up 0.8 percent, with a market value of US$3.47 trillion, while Apple’s shares rose 0.4 percent, valuing the iPhone maker at US$3.52 trillion. In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft Corp and Apple. The tech trio’s market capitalizations have been
Shares of Starlux Airlines Co (星宇航空) surged more than 53 percent on its debut on the Taiwan stock exchange yesterday. Starlux shares closed up 53.75 percent at NT$30.75 from its initial public offering price of NT$20 after retreating in late trading from a 60 percent rise. China Airlines Ltd (CAL, 中華航空) rose 0.90 percent to close at NT$22.35, while EVA Airways Corp (長榮航空) gained 0.40 percent to close at NT$37.70. In Taiwan, a newly listed stock is allowed to go beyond the 10 percent maximum increase or decline in its first five trading sessions. At the listing ceremony, Starlux chairman Chang Kuo-wei (張國煒) said
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