Reported 8 months ago
After acquiring a foothold in the US market through mergers, the biotech leader Purzer has also initiated alliances with Taiwanese pharmaceutical companies to compete internationally. Purzer announced on June 24, 2024, that they will be manufacturing the recently approved ophthalmic drug APP13007 from TSC, and together they aim to capture a $1.3 billion ophthalmic post-operative medication market annually in the US. This collaboration combines TSC's drug technology expertise with Purzer's manufacturing capabilities, showcasing Taiwan's strengths in new drug development and exportation.
Source: YAHOO
Reported 8 months ago
In an interview on June 24, 2024, at 4:10 p.m., the Chairperson of the National Science and Technology Center, Wu Cheng-Wen, announced plans to aid the acceleration of digital transformation and smartification for startups and small to medium-sized enterprises, aiming towards international supply chain development. This aligns with the crucial policy of 'Balancing Taiwan.' Wu highlighted the need to balance the rapid development of Taiwan's technology industry and assist traditional industries and various sectors in achieving balanced and rapid growth, emphasizing regional and industrial equilibrium, not just focusing on the technological aspect. Efforts include promoting international cooperation, particularly with countries in the 'New Southbound Policy,' facilitating industry development, and collaboration among small to medium-sized enterprises. Wu also mentioned ongoing efforts to draft an 'AI Basic Law' to encourage AI's safe and ethical application while protecting human rights and privacy.
Source: YAHOO
Reported 8 months ago
XINYA Electronics held a shareholder meeting on June 24, 2024, with Chairman Lee Ke-Chu stating a strong financial performance in 2023 with revenue reaching 14.1 billion NTD and net profit of 6.4 billion NTD, marking a 'bumper year.' Looking ahead to 2024, XINYA's revenue and profit are expected to surpass 2023, mainly driven by overseas licensing with the strongest growth in Southeast Asia. The company's overall operations are moving towards positive growth, leveraging AI technology in game art design and programming. XINYA also approved a dividend policy offering cash dividend of 35 NTD and stock dividend of 10 NTD, indicating readiness for future growth by increasing authorized capital to 5 billion NTD. Southeast Asia has seen rapid growth, becoming XINYA's top market in the first five months of the year. Taiwan ranks second in market share.
Source: YAHOO
Reported 8 months ago
In Taipei on June 24, 2024, the Chinese tech giant ByteDance is collaborating with the American chip designer Broadcom to develop a custom ASIC chip for AI acceleration, to be manufactured by TSMC. This partnership helps ByteDance secure high-end chips amidst US-China tensions, following US export restrictions on advanced semiconductors in 2022. Although the chip design is progressing well, it's unlikely that TSMC will start mass production this year. The collaboration aims to reduce procurement costs and ensure a stable supply of high-end chips for ByteDance's AI services, such as the ChatGPT-like chatbot 'DouBao' with 26 million users. Both ByteDance and TSMC declined to comment on the cooperation.
Source: YAHOO
Reported 8 months ago
Due to predictions of a 9% year-on-year iPhone shipment increase to 228 million units next year, industry insiders expect Largan, a major supplier, to benefit significantly, potentially becoming the biggest beneficiary in the camera lens sector. Despite a 439-point drop in the Taiwan stock market on June 24th, with most electronic stocks showing weakness, Largan (3008) and Crystalwise (3406) continued to rise thanks to Apple-related news. Largan's May consolidated revenue increased by 32.73% year-on-year to 3.486 billion NTD, and Crystalwise's May revenue grew by 110.9% year-on-year, despite a 17.1% month-on-month decline. Both companies are expected to perform well with the upcoming launch of new smartphone models and the increasing demand for edge AI technology.
Source: YAHOO
Reported 8 months ago
Chang Hwa Bank responded to the government's urban renewal and buildings for old and dangerous building reconstruction policies by accelerating the pace of urban renewal and reconstruction. After the completion of the renovations at Beimen and Tianjin Street, construction on the completion of the building project began on June 24, 2024. This project marks another milestone in urban renewal, public bank asset utilization, and contributes to overall city development and changing times. The new building will be a modern and timeless structure symbolizing wealth accumulation, aligning with the city's landmarks and aiming to enhance the business district and beautify the cityscape.
Source: YAHOO
Reported 8 months ago
Sheng Hui* (5536), a leading company integrating clean rooms and electromechanical engineering, anticipates a strong performance this year with hand orders exceeding 33 billion yuan, driven by the growth of AI and 5G technologies leading to increased demand in servers, data centers, and semiconductors from major companies, along with the benefits of a diversified supply chain layout. With orders being continuously recognized, Sheng Hui* remains optimistic about its operational outlook for the next two years. The company is actively integrating resources from its subsidiaries and investing in various areas to enhance vertical and horizontal integration, with an estimated investment of around 10 billion yuan.
Source: YAHOO
Reported 8 months ago
In the future of the chip industry, South Korea's perspective differs from that of the United States and its allies. Due to the US strategy to distance itself from 'Made in China,' South Korea, with companies like Samsung and SK Hynix, is feeling the impact, especially with the US's Chip Act resulting in decline in rankings and production. In response, South Korea aims to surpass TSMC and win the 'chip war' by strengthening its semiconductor industry through initiatives like creating the world's largest semiconductor cluster with companies like Samsung and SK Hynix in Icheon.
Source: YAHOO
Reported 8 months ago
Developed by Li Hanmin on June 24, 2024, at 4:10 PM, Xin Cheng Magnesium (6934), an internationally recognized expert in nebulizer solutions, launched on the Emerging Stock Market with a focus on developing medical nebulizers. Their innovative vibrating mesh nebulization technology can nebulize high-value therapeutic drugs, both small and large molecules, including solutions, suspensions, and highly viscous drugs. Their products have obtained medical device approvals in several countries, with their second-generation nebulizer AdheResp Series featuring breath detection and automatic adjustment of nebulization output. Xin Cheng Magnesium's nebulizers have garnered attention from international pharmaceutical companies, with collaborations such as exclusive sales agreements with Abbott and assisting in developing new antibiotic nebulizer drugs. They aim to launch self-developed drug-device combination products to treat rare diseases like cystic fibrosis in the US market by 2027-2028, following the FDA's 505(b)(2) approval process.
Source: YAHOO
Reported 8 months ago
According to the latest data, as of June 19, investment-grade bonds maintained a net inflow, but the momentum continues to slow down, with a weekly inflow of $1.68 billion. On the other hand, non-investment-grade bonds and emerging market bonds showed a net outflow of $130 million and $510 million respectively. Market sentiment was pressured due to economic data rollback, affecting risk sentiment and leading to a consolidation of high-yield bonds in the short term. The bond market advice suggests focusing on yield-generating credit bonds during the Fed's rate cuts, emphasizing a balanced allocation in investment-grade corporate bonds, emerging market bonds, and non-investment-grade corporate bonds to strengthen diversified sources of income.
Source: YAHOO
Reported 8 months ago
Taiwan Cement's lithium battery brand, Molicel, subsidiary San Yuan Energy Technology's factory in Kaohsiung received both the LEED certification from the United States and the EEWH certification from Taiwan for green buildings, becoming Taiwan's first high-end lithium battery plant to achieve green building status. The factory significantly reduced carbon emissions by 7%, shortened construction time by at least 50 days, and lowered waste and dust. It also adopted energy-efficient air conditioning systems, process heat recovery system, and energy-saving measures, reducing energy consumption by over 42%. Additionally, the use of self-developed EnergyArk energy storage cabinets further enhances green energy utilization, reducing carbon emissions by an estimated 1,400 tons annually. The plant also emphasized water conservation, achieving over 30% daily water savings by using recycled rainwater for flushing and irrigation. Native trees and plants were extensively planted to increase carbon sequestration by 50%. Climate resilience measures included underground flood detention tanks, reflective roof surfaces, and extensive rooftop greening to combat urban heat island effects. The plant also prioritized resource recycling with over 75% waste recycling rate and 15% increase in green materials usage compared to conventional buildings, reducing harmful emissions like formaldehyde and TVOCs.
Source: YAHOO
Reported 8 months ago
Taiwan’s stock market fell by 440 points on June 24th, with a daily decline of 1.89%, leading to a cumulative decline of over 2.5% in two trading days. The value of Taiwan stocks held by life insurance companies fluctuated accordingly. The net worth of the six major life insurers is estimated to decrease by nearly 300 billion in just two trading days, affecting over 600 billion in total. The overall impact due to the recent stock market volatility may range from 800 to 900 billion, depending on factors such as currency exchange rates and hedging costs.
Source: YAHOO
Reported 8 months ago
In the past week, emerging Asian stocks have mostly risen, with Taiwan stocks showing the most impressive performance by increasing by 3.3%. Foreign funds have shown a strong interest in Taiwan stocks, buying a net total of $2.58 billion. Reflecting positive sentiment in the AI industry, Taiwan stocks have shown significant gains, with strong prospects expected in the second half of the year. Other Asian markets such as South Korea and India also show positive trends, while Thailand remains weaker. Various fund managers remain optimistic about the future performance of these markets.
Source: YAHOO
Reported 8 months ago
半导体制程进入2纳米，IC设计挑战增加，未来将更重视矽智财、ASIC，以应对人工智能新时代。业者已获得国际晶片大厂AI晶片外包订单，晶片电晶体数量增加至数百亿个，考验研发实力。台湾半导体产业链处于全球领先地位，从先进制程起步，全球巨头对高效能硬件需求依赖台厂协助后段设计。AI发展推动晶片巨大需求，IP矽智财库逐渐转向裸晶片设计领域，两者相互促进，市场需求将进一步扩大。
Source: YAHOO
Reported 8 months ago
Jeou Flow Valve Industry (4580), led by Chairman Yang Dazhong and General Manager Qian Peiling, held a shareholders' meeting where a comprehensive board election took place, resulting in a new board of directors and management team. While Investment Director Chen Binchao and Digital Director Chen Zongxiao remain in their positions, their sons were appointed as new directors during the board transition. The company recorded a record-high consolidated revenue of 2.61 billion yuan last year but was unable to maintain high earnings per share. During the meeting, it was approved to distribute a cash dividend of 4.8 yuan. The company's general manager, Qian Peiling, shared that the order visibility extends to the fourth quarter, reflecting a positive outlook for the year's revenue challenges.
Source: YAHOO
Reported 8 months ago
According to Fubon's survey, currently, stock and fund investment is nearly a national activity for 70% of Taiwanese people. To plan retirement finances effectively amidst stock market fluctuations, Lin Binghui, Chairman of the Taiwan Depository & Clearing Corporation and Fubon Securities, emphasizes the importance of early retirement planning for a long and happy retirement life. Through efforts like organizing seminars and online events, over 100,000 individuals have initiated their retirement planning steps with tools like the 'Depository e-Handicap App' and Fubon's exclusive fund management app, downloading reaching nearly 150,000 individuals in just half a year. Lin also stresses the necessity of preparing for post-retirement challenges, such as cognitive decline or fraud, by developing additional mechanisms like combining care trusts, pension payments, and asset retention, ensuring worry-free retirement living.
Source: YAHOO
Reported 8 months ago
On June 24, 2024, Yuanyi Chen, the manager of Cathay Marathon Fund, provided insights on the general economy and market observations. The US May CPI registered a year-on-year increase of 3.3%, lower than the expected 3.4%, and the core CPI reached 3.4%, a new low since April 2021, leading to the likelihood of a 2-point rate cut this year. With Taiwan's PMI returning above the business cycle line, export orders exceeding expectations, a stable Taiwan dollar, and increased foreign investment in the stock market, the technical indicators suggest a bullish market. Chen suggests focusing on tech stocks related to AI, monitoring Apple's new AI operating system, and anticipating TSMC's pricing and capital expenditure adjustments, emphasizing strategic stock selection over market timing and diversification among industries.
Source: YAHOO
Reported 8 months ago
According to recent data released by the Ministry of Commerce of mainland China, the actual use of foreign direct investment (FDI) in China declined by 28.2% in the first five months of 2024 to 412.51 billion yuan, continuing a downward trend for 12 consecutive months. Despite the decrease being attributed to a high base last year, the overall investment environment is expected to improve with the effectiveness of policy measures. New foreign-invested enterprises set up in China during this period increased by 17.4%, with the manufacturing sector attracting a significant portion of FDI. However, factors such as rising labor costs and changing policies have affected China's attractiveness to foreign investors.
Source: YAHOO
Reported 8 months ago
Pengyillion's (6613) general manager, Ma Wei (left), and Rui Ze's general manager, Zhou Guhua (right), are optimistic about the global semiconductor industry's regional autonomy development, with positive order intake in Taiwan, China, and Southeast Asia; especially in the Chinese market where semiconductor development is expected to grow this year and next, benefiting the company's operations. Market analysts expect this year's revenue to surpass last year's, reaching a historical high. With current orders totaling between 95 to 100 billion NT dollars, slightly lower than around 110 billion NT dollars in the same period last year, Pengyillion aims for another year of record-high revenue. The company's CFO, Ou Junyan, mentioned that if all convertible bonds are converted, the total outstanding shares will increase from 3.3 billion NT dollars to 3.8 billion NT dollars, thus the full-year earnings per share after tax performance compared to last year is still under observation.
Source: YAHOO
Reported 8 months ago
Huang Junkai and Huang Zihao, partners and lawyers at Huanjing Law Firm, discussed the implications and possible trends of carbon fee collection from an enterprise compliance perspective. Under the Climate Law, specific industries like power generation, steel, refining, cement, semiconductor, and panel manufacturing must conduct greenhouse gas inventory. The article clarifies the scope of inventory subjects, the obligation to pay carbon fees, and the possibility of future adjustments in carbon fee collection.
Source: YAHOO
Reported 8 months ago
Dell, once a top three PC player in the local market, is further retreating from the commercial PC sector in China due to the country's revised procurement policies, excluding US brands from bidding. Dell's market share in China has dropped from double digits to low single digits, with the total shipments potentially falling below 2 million units this year. While Dell's PC production chain still relies on components from mainland China, the assembly process has shifted towards Southeast Asia and Taiwan. Meanwhile, Lenovo has gained advantages in public and private institutional tenders, and Huawei has significantly expanded its PC market share in China, filling the gap left by Dell. Despite Dell's move away from China, it continues to focus on AI servers/data centers and aims to regain its presence in the commercial PC markets in North America and Europe.
Source: YAHOO
Reported 8 months ago
NVIDIA is inundated with orders as the AI wave sweeps the globe, recently securing a major contract in the Middle East with Qatar's telecom group Ooredoo to supply chips for data centers across the region, marking NVIDIA's first large deal in the Middle East post US chip restrictions. This move is expected to benefit NVIDIA's AI accelerators and GPU sales, especially focusing on data center GPU models like L40 and H20 initially. Ooredoo plans to invest $1 billion to expand data centers and upgrade with NVIDIA's GPUs, despite US export restrictions on high-end AI chips to China, showcasing potential loopholes in the ban. The collaboration underlines increasing demand for NVIDIA's chips and the challenges faced by US in curbing their distribution in global markets.
Source: YAHOO
Reported 8 months ago
Shin Kong Life is investing significant resources into the 'Pearl Project' to cultivate quality insurance agents by creating a learning platform where top agents share their experiences and skills to help newcomers quickly grow and improve performance. Through this program, young agents can become shining 'pearls' in the insurance industry with the guidance of experienced mentors. By promoting mutual learning and prosperity, Shin Kong aims to reshape its business model, providing part-time marketing opportunities, increased rewards, and comprehensive training to encourage self-development and entrepreneurship among agents.
Source: YAHOO
Reported 8 months ago
為深化與友善國家之經貿合作，經濟部產業園區管理局籌組16家臺廠赴泰國參加「2024泰國國際工業製造週展會」，與泰國相關協會洽談商機，並參訪當地工業區與投資案例，掌握發展潛力，以強化臺灣產業在全球的地位及影響力。
Source: YAHOO
Reported 8 months ago
WELLENS (5283) held a shareholder meeting on June 24, 2024, with General Manager Lin Qin-hong stating that despite a loss in the first quarter due to late warm weather affecting air conditioner sales and increased expenses from moving offices and production lines to a new headquarters, the second quarter is expected to return to profit with rising temperatures post-Dragon Boat Festival boosting air conditioner performance. WELLENS focuses on developing Google TV, large light commercial air conditioners, and AI smart home appliances, expanding into specialty channels like real estate projects. Despite challenges, the company aims for revenue growth, with a new lineup including Google TV in the third quarter, and a focus on B2B channels and real estate market.
Source: YAHOO