Reported about 1 year ago
The 'Local Outstanding Young Entrepreneurs Selection' event has begun accepting submissions, organized by the Taipei International Youth Chamber of Commerce (referred to as Taipei Youth Chamber of Commerce). It offers 18- to 40-year-old young entrepreneurs in Taiwan the opportunity to showcase their talents internationally. The selected entrepreneurs will be recommended by the Chamber to compete in the CYE (Creative Young Entrepreneur) competition at the Asia-Pacific and World Conferences, aiming to elevate Taiwan's influence in entrepreneurship globally. This event, now in its sixth year, aims to provide resources and opportunities for business collaboration to local entrepreneurs, promoting sustainable business operations and fostering a win-win situation. Eligible candidates with Taiwanese heritage between 18 and 40 years old are invited to apply by July 31st, with a fair selection process based on business operations, local contributions, and social value.
Source: YAHOO
Reported about 1 year ago
Systematica (6231) is actively seizing the AI PC business opportunities, expecting a better performance in the second half of the year driven by new AI PC products and growing server business. With the introduction of new AI PC generations, Systematica's operations are gaining momentum, showing steady growth each quarter. Revenue for May was NT$102 million, with a monthly decrease of 12.9% but a yearly increase of 13.9%. Systematica anticipates growth in NB business returning to pre-pandemic levels and holds strong market shares in AI PC Qualcomm-based solutions. The server business is also expected to grow with increasing demands for open-source software solutions.
Source: YAHOO
Reported about 1 year ago
Memory giant Micron is set to announce its quarterly report on June 26, and has become an AI star stock since supplying high-bandwidth memory (HBM) to Nvidia. Micron's stock price has surged nearly 70% this year, increasing its market value by $63.626 billion to $154.522 billion. Analysts expect Micron to discuss demand improvement, tight industry supply, rising prices, and positive outlook due to their HBM supply to Nvidia and other AI chip manufacturers. The memory market is experiencing increased interest in DRAM and HBM due to growing AI application demands, and FOMO effect is boosting Micron's stock further. Micron's profitability is estimated to reach $20 per share in 2025 and 2026, with HBM contributing $3 directly. The constrained supply of HBM is expected to drive up DRAM prices, further boosting Micron's revenue. However, Micron's TSV yield is estimated to be around 40%, while SK Hynix's is 60% and Samsung's is better at about 60%, although facing thermal issues. The long-term forecast for the HBM market anticipates a 95% compound annual growth rate between 2024 and 2026.
Source: YAHOO
Reported about 1 year ago
The Taiwan Stock Exchange will host a biotech theme forum on June 27, featuring discussions on 'Revolutionizing Next Generation Healthcare for a Global New Perspective' and 'Leading Innovative Capital, Co-Creating Tomorrow's Blueprint.' Executives such as Sheng Baoxi, Chairman of Par Sterile Products (6472), Lu Kongming, Founder of Middle Day Biotech Group (4128) and Chairman of Diamond Biotech (6901), and Lin Chenglong, Founder of Perll Biomedical Innovation (6949), will attend. The Stock Exchange aims to leverage Taiwan's innovative startup advantages and visibility, positioning itself as the top choice for innovative technology industries in the Asia-Pacific region such as biotech, IoT, AI, and big data, facilitating companies with key core technologies and innovative capabilities to apply for listing, fostering the country's startup environment, and supporting startups in accessing capital markets.
Source: YAHOO
Reported about 1 year ago
The Directorate-General of Budget, Accounting, and Statistics in Taiwan announced that the unemployment rate in May dropped to 3.34%, the lowest in nearly 24 years due to economic recovery and increased job opportunities, indicating a stable job market. However, the number of long-term unemployed individuals exceeding one year rose above 50,000 in May, raising concerns about possible difficulties in finding employment. The service sector continued to drive job creation post-pandemic, with notable increases in employment in accommodation and food services, healthcare, and support services in May.
Source: YAHOO
Reported about 1 year ago
In order to expand its business operations, Travel Around the World (6961) Chairman Li Jiayin announced three main strategies for the year, focusing on expanding both domestic and international industry integration, improving the dual-axis affiliate platform, and enhancing product strength to actively seize tourism market opportunities. Benefiting from the post-epidemic recovery in the tourism market and retaliatory consumption, Travel Around the World achieved record-high revenue of 28.22 billion NT dollars and an EPS of 8.65 last year. By continuously enhancing product strength and tapping into scarce resources, the company aims to further develop its high-end market presence.
Source: YAHOO
Reported about 1 year ago
Rising Sun Semiconductor's Q1 performance has bottomed out, with expectations of growing revenue throughout the year due to increased capacity of reclaimed wafers. The market is optimistic about the company's potential in providing wafers needed for power supply in 3D packaging and CoWoS-S orders, becoming new growth drivers. The company's Q1 consolidated revenue was 735 million NT dollars, with a slight decrease from the previous quarter but an annual decrease. Looking ahead, with the semiconductor industry showing a positive trend from 2024, Rising Sun Semiconductor, being part of the AI supply chain, is set for significant growth in 2025.
Source: YAHOO
Reported about 1 year ago
Encouraging vocational school students to combine their studies with industry practices and leverage the characteristics of technical and vocational education, the Ministry of Education held the National Technical and Vocational Schools' Practical Project Competition and Exhibition in 2024, with 1,283 entries from 50 schools. Among them, a team of 5 students from the Department of Leisure Business Management at Chaoyang University of Technology won first place in the Home Economics, Catering, and Food Group with their project 'Mountain City Carbon Zero - Innovative Research and Development of Citrus Friendly Food.' They developed 9 citrus-friendly products using local specialty Maogu oranges and fruit peels, promoting environmental friendliness, sustainable rural areas, and meeting ESG development goals. The team's advisor mentioned the impact of climate change on Maogu orange production and quality, highlighting the team's efforts in creating high-value processed products from surplus fruit to increase local characteristics, reduce agricultural waste, and improve rural development.
Source: YAHOO
Reported about 1 year ago
During Yang Ming Maritime's investor conference on June 24, it was highlighted that with the traditional peak season for Europe and America in the third quarter, freight rates are expected to remain high through July. The main variable impacting the shipping market is the crisis in the Red Sea, which is unlikely to be resolved quickly, leading to the anticipation of sustained high freight rates until the end of the year. Yang Ming plans to expand its fleet and routes to capitalize on the high rates, amidst predictions of an increasing supply of container shipping capacity compared to demand in the coming years.
Source: YAHOO
Reported about 1 year ago
Taipei Report by Zheng Shufang on June 24, 2024, 4:10 PM: Nidec's chairman, Junichi Nagai, predicts that AI and liquid cooling will remain important topics in the second half of the year. Nidec's subsidiary, Nidec SuperSense, is set to support the expansion of CDU capacity for Supermicro, the parent company, which will be completed by the end of June. With a focus on liquid cooling, Nidec plans to cooperate with Supermicro on the production of LCM and also continue development in air cooling technologies. The company's Taiwan factory will focus on R&D, while mass production will be shifted to Vietnam and China. Despite sluggish performance in the first half of the year, Nidec is optimistic about growth in the second half, emphasizing its commitment to meeting market demand in the liquid cooling sector.
Source: YAHOO
Reported about 1 year ago
Rezeng, a semiconductor equipment factory, has seen increased operations post Q2 and aims for annual growth compared to the previous year. The company has established a subsidiary in Japan and plans to set up a subsidiary in Southeast Asia by year-end to push for internationalization. With a focus on gas supply systems and semiconductor gas secondary piping engineering, Rezeng anticipates positive future operations amid the growth of the global semiconductor industry.
Source: YAHOO
Reported about 1 year ago
Taiwan Futures Exchange announced the adjustment of margin requirements for stock index futures contracts (TX), mini Taiwan Futures Index (MTX), customized mini Taiwan Futures Index (MXFFX), and other options contracts, effective after the close of trading on June 25. Margin adjustments also apply to various other futures contracts such as electronic futures (TE), mini electronic futures (ZEF), Yuanta Taiwan 50 ETF futures (NYF), and more, with details available on the exchange's official announcement.
Source: YAHOO
Reported about 1 year ago
In response to the urgent demand from enterprises for carbon management and sustainable development, the Commerce Development Research Institute (CDRI) will hold the second session of the 'ISO 14064-1 + ISO 14067 Lead Verifier' course from September 13th to 20th. The 5-day intensive training aims to cultivate professionals in carbon emission management and carbon footprint verification, granting international dual certifications upon completion. With limited slots available, early registration is encouraged for this blended and interactive training course led by experts in the field of carbon management and sustainable development.
Source: YAHOO
Reported about 1 year ago
Zhi Gong Technology (5478) held a shareholders' meeting and successfully completed a board election, appointing six directors and four independent directors. The company's appointees, led by Zhi Gong and Rong Gang, secured eight board seats, while major shareholder NetBank nominated four individual directors with Xu Yuren and independent director Wang Zhicheng joining the board. Wang Junbo remains the chairman. The new board comprises six directors including Wang Junbo, Jian Jincheng, Chen Zhengwen (representative of Rong Gang), Wang Jiongfeng, Zhang Hongyuan, and Xu Yuren (NetBank), with independent directors Lin Xuanzhu, Cao Weijie, Xu Shoude, and Wang Zhicheng (NetBank). Wang Junbo expressed hopes for a diverse and innovative board to continue delivering excellent operational performance. Zhi Gong Technology focuses on a one-stop comprehensive service model with core businesses in digital games, online advertising, and financial technology. NetBank, holding a 22% stake, welcomed the election results of the new individual directors Xu Yuren and independent director Wang Zhicheng, aiming to improve corporate governance independently. NetBank stated they had no intention of engaging in Zhi Gong's operations, criticizing them for disregarding shareholder interests and ruling out future cooperation. NetBank International plans to develop an entertainment ecosystem centered on connecting consumer and customer needs, and aims for international expansion. Having recently acquired several entertainment properties, including cinema chains and content production companies, NetBank appears determined to build a strong entertainment ecosystem. Zhi Gong's shareholder meeting acknowledged the strong financial performance in 2023 with a consolidated revenue of 6.249 billion NTD and a net profit attributable to the company's owner of 859 million NTD, achieving an EPS of 7.09 NTD. They decided to distribute a cash dividend of 7 NTD per share and allocate an additional 2 NTD per share from capital surplus, totaling a dividend of 9 NTD per share.
Source: YAHOO
Reported about 1 year ago
Taiwan's stock market saw a cumulative increase of 777.62 points in May, boosting retail investors' confidence. The Central Bank announced that the average stock price index in May reached a new high of 21,107 points, leading to a return of securities brokerage deposits balance to 3.5 trillion NT dollars, with a monthly increase of 179.9 billion NT dollars. The stock market continued to rise in May, with improving fundamentals, setting new highs in securities brokerage deposits balance, monthly increase, and average stock prices. This growth also resulted in a 16-year high in stock market financing balance reaching 409.5 billion NT dollars, reflecting increased trading volume and changing investor profiles.
Source: YAHOO
Reported about 1 year ago
Lin Hsiu-ming, Chairman of the Taiwan Stock Exchange, announced the goal for Taiwan's stock market to reach a market value of 3 trillion US dollars and enter the top ten globally. With strategies focusing on enhancing corporate value, leading industry development, and improving investor communication, the stock exchange aims to promote a healthy development of the capital market. With Taiwan's stock market ranking 14th globally at 2 trillion US dollars by the end of May, the ambition to challenge the 3 trillion US dollar market cap is supported by the international standard of industry development and a consistent influx of foreign investments.
Source: YAHOO
Reported about 1 year ago
Global stock markets have seen more gains than losses this year, with continuous record highs. Among overseas funds denominated in New Taiwan Dollar, 47 funds reached new net asset values by June 18, with Indian and technology-related funds showing impressive performances. Over the past quarter, 12 funds surged over 15%, with Yuanta India Mid Small Cap Fund leading with a 23.2% increase. The Indian manufacturing index PMI has been above the 50-mark for 35 consecutive months, indicating strong local demand boosting services and exports. With India projected to have one of the fastest GDP growth rates globally in the coming years, the outlook for the Indian stock market remains positive. Fund managers point to ongoing reforms, resilient macroeconomy, and robust corporate profit prospects as factors supporting the bullish market trend.
Source: YAHOO
Reported about 1 year ago
In a steady expanding domestic commercial vehicle market, Volkswagen Commercial Vehicles is optimistic about the potential of the commercial and electric vehicle market in Tainan. Teaming up with the new dealer, Topper Auto, they are investing 300 million NT to establish a new flagship showroom in Tainan, set to open in the fourth quarter of next year. The showroom will follow German factory standards, covering an area of 1,380 ping and becoming the largest base in Asia.
Source: YAHOO
Reported about 1 year ago
Amid the 'China+1' effect, Japanese enterprises are making efforts to internationalize their operations, especially in the semiconductor sector where Japan is inviting foreign companies like TSMC, Samsung, and Intel to invest in the country. The goal is to establish Rapidus to focus on advanced processes, enhance domestic production rates, and secure a stable source of chip supply. The initiative was triggered by the COVID-19 pandemic in 2020, which caused a global disruption in the supply chain and prompted Japan to reestablish its semiconductor supply chain on its four islands, focusing on nurturing a 'national team' as a top strategy.
Source: YAHOO
Reported about 1 year ago
Luo Sheng and Utech announced their joint investment in Taiwan's largest bundling machine manufacturer, Yijin Industrial (brand name TRANSPAK), on June 24, 2024, at 4:10 pm. The collaboration aims to strengthen AI smart automation layout and provide customers with intelligent packaging stacking one-stop solutions, creating synergies in product and channel resources. Through this partnership, with Luo Sheng's presence in Greater China and Yijin's foothold in Europe and America, a win-win situation is expected. Yijin, holding over 70% of its revenue in Europe and America, is poised to benefit from the booming global packaging machine market, estimated to reach $7.73 billion by 2029 with a 5.2% compound annual growth rate. Utech's General Manager, Su Jiahong, expressed that the cooperation with Yijin would significantly advance Utech's presence in the field of automation, as well as deepen their influence in the European and American automation markets.
Source: YAHOO
Reported about 1 year ago
The Ministry of Finance in Taiwan announced on June 24, 2024, that anti-dumping duties ranging from 13.52% to 76.89% will be imposed on imported graphic printing plates from China, effective retroactively from December 7, 2023, for a period of 5 years. However, the specific light-sensitive CTP plates used for newspapers are excluded from this tax. The application for anti-dumping investigation was filed by Taipu Precision Imaging Co., Ltd., and the exclusion of certain plates aims to minimize the impact on downstream printing industries. Importers of the excluded CTP plates can apply for a refund of the temporary anti-dumping tax paid, with proper documentation. The Ministry of Economic Affairs supports this exclusion to balance national economic interests and reduce the impact on the printing industry.
Source: YAHOO
Reported about 1 year ago
As a queer adult who was once a queer kid and has worked in advocacy, Allison Hope shares tips on how to support your LGBTQ+ child. These include leading with love, avoiding judgment, asking open-ended questions, listening to your child, not internalizing their identity, educating yourself about LGBTQ+ terms and issues, and connecting with supportive communities. By following these tips, parents can deepen their love and respect for their LGBTQ+ children.
Source: YAHOO
Reported about 1 year ago
Nvidia (NVDA) stock dropped over 6% to $118.11 per share as investors moved away from the AI heavyweight. The decline marked the third consecutive day of losses, falling from its all-time high of $135.58. Nvidia's market cap of $2.9 trillion now trails behind Microsoft (MSFT) and Apple (AAPL). Analysts have mixed opinions on the stock, with Bank of America reiterating a Buy rating and $150 target, Jefferies raising the target to $150, and warnings from Moor Insights & Strategy founder Patrick Moorhead about potential long-term concerns.
Source: YAHOO
Reported about 1 year ago
US stocks were mostly lower on Monday, driven by a sell-off in tech stocks led by Nvidia, which dropped 5% and is down 14% from its record high. The decline is attributed to profit-taking after a 143% year-to-date rally. Investors are now watching for PCE inflation data to be released Friday, along with other economic indicators, to gauge the strength of the US economy and speculate on the timing of the Fed's first interest rate cut of the cycle.
Source: YAHOO
Reported about 1 year ago
Teladoc Health (TDOC)的股價在星期一的交易中獲得提振，一項研究表明其AI模型有助於改善糖尿病管理並促進與患者的互動。Yahoo Finance Health的Anjalee Khemlani詳細介紹了Teladoc自2020年收購Livongo以來進入糖尿病治療領域的情況。他們發現通過AI和個性化提示，導致更高的參與度並降低1C數值。Teladoc的半數新註冊人數來自糖尿病，總共有超過100萬人使用他們的慢性護理平台。這是一個非常好的消息，Teladoc在2020年以185億美元收購Livongo，但由於Livongo的估值下滑，他們在2022年仍然錄得134億美元的虧損。
Source: YAHOO