Reported 10 months ago
Chang Ruiyi/Taipei reported on June 20, 2024, 4:10 PM. Exploration Needle (6217) products are widely used in mobile phones, laptops, electric motorcycles, semiconductor testing, etc. The company's performance in the consumer market is gradually picking up, with expectations of further recovery after the second half of the year. By improving production line automation and developing high-frequency, high-speed testing needles, the company expects better performance next year with new products and increased production capacity. Despite lower revenue in the first quarter compared to the same period last year, monthly revenue picked up from the second quarter onwards, reaching new highs for several consecutive months. With around 60% of revenue coming from consumer products, an increase in end demand is expected to benefit the company's continued growth in operations.
Source: YAHOO
Reported 10 months ago
Taiwan's Vice President, Hsin-Ching Hsiao, expressed on June 20, 2024, that healthcare will be Taiwan's 'sacred mountain of body protection,' combining Taiwan's high-level medical service system with advanced AI technology from industries like IC, machine tools, and clinical experiments to form a new and interdisciplinary industrial cluster. This initiative aims to safeguard the health of the people of Taiwan and the world. Vice President Hsiao attended the '2024 Taiwan International Medical and Health Care Expo' to explore the new landscape of the medical industry, emphasizing the importance of technological advancement for sustainable healthcare development amidst challenges like aging population and shortage of healthcare staff.
Source: YAHOO
Reported 10 months ago
Benefiting from increased production capacity and performance in the ice-related business of the new plant in Thailand, Nan Chiao (1702) reported a May net profit after tax of 88.81 million yuan, a 35.16% year-on-year increase, with an EPS of 0.36 yuan. The cumulative net profit after tax for the first five months was 538 million yuan, a 109.66% year-on-year increase, with an EPS of 2.17 yuan. Nan Chiao's first-quarter profit grew by 1.7 times, driven by the production capacity of the new plant in Thailand, revenue from the ice-related business, and increased profits from mainland oilseeds. The second-phase new plant at Nan Chiao's Thai factory is expected to be completed and put into operation in the second half of the year, mainly producing baby rice crackers, baked goods, etc. The expansion is expected to become a driving force for next year's performance growth.
Source: YAHOO
Reported 10 months ago
The AI wave is driving a strong recovery in the semiconductor industry with no end in sight, intensifying the competition for Taiwanese talent overseas. Not only the four major powers of China, South Korea, Japan, and the United States but also Singapore, Malaysia, and even Germany are actively targeting Taiwanese semiconductor talent. With the semiconductor industry breaking free from last year's downturn and entering a recovery phase, the demand for talent is becoming stronger especially with the catalyzation of AI, leading to overseas giants like NVIDIA and Samsung aggressively poaching talent with Taiwan as a major target. This talent war has escalated as even Southeast Asian countries are actively pursuing Taiwanese talent, while Europe and the United States are building their semiconductor centers and clusters. Taiwan's semiconductor job market has shown a V-shaped change in recent years, reaching over 35,000 positions in the first half of 2022, dropping to a low of about 22,000 in 2023 during the industry slump, and rebounding to over 26,000 by the second quarter of 2024. The demand in semiconductor talent is expected to return to the peak of 2022 with the growth in demand driven by Tainan, Kaohsiung, and new facilities like TSMC's in Baoshan, within six months to a year.
Source: YAHOO
Reported 10 months ago
According to a survey by Cathay Financial Holdings released on June 20, the reason for TAIEX reaching 23,000 points was unveiled. The survey revealed that 47.3% of respondents believed TAIEX would rise, the highest level in over 13 years. Additionally, 37.3% expressed interest in investing in TAIEX, with the risk appetite index remaining positive for 17 consecutive months, indicating strong confidence and financial momentum among retail investors supporting TAIEX's continuous record highs. Factors influencing TAIEX's future trends included global fiscal and monetary policies, Taiwan's economic growth, the performance of US stock markets, and the stability of cross-strait relations.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, the Environmental Department established the 'Green Strategic Office' in task force form to fully support the President's 'National Climate Change Response Committee.' The office will integrate and coordinate policies related to climate change and net zero transformation, expand actions for green growth, and support the committee. It emphasizes the need for inter-agency cooperation for various net zero policies and the importance of global collaboration to accelerate carbon reduction efforts.
Source: YAHOO
Reported 10 months ago
A recent survey conducted by the Central Bank on the issuance of Central Bank Digital Currency (CBDC) revealed that 70% of the public are willing to use it, with concerns mainly focused on privacy issues and record-keeping after usage. While the majority of people were unfamiliar with CBDC initially, after explanation, willingness to use it significantly increased. The Central Bank is planning further communication efforts and adjustments based on survey results to enhance public trust and understanding of CBDC.
Source: YAHOO
Reported 10 months ago
Under the AI boom, power-intensive data centers are thriving, leading tech giants' interest in clean energy sources like solar power, which has driven up demand and made it the fastest-growing energy source. Despite reliability issues with renewables like solar and wind, they only make up a small portion of total power generation due to challenges with the aging grid. However, with companies like Amazon and Microsoft prioritizing clean energy for their data centers, industry leaders see this as a turning point. Reports indicate that a significant portion of large-scale solar projects in the US come from tech giants such as Amazon, Microsoft, Meta, and Google, who have committed to using 100% clean energy, further boosting renewable energy demand. The US is expected to see a substantial increase in solar capacity this year, with solar energy comprising 58% of new electricity installations, indicating a shift towards clean energy.
Source: YAHOO
Reported 10 months ago
P&U Environmental (6771) states the increasing demand for circular economy and water resource recycling, along with stricter discharge standards, has led to a positive outlook on operations for this year. With more stringent environmental regulations and the participation of its subsidiary P&U Materials, the company expects growth in new customers and orders, anticipating a quarterly increase in operations performance. The company's downstream customers span various industries such as metal surface treatment, chemicals, textiles, electronics, and biotechnology, closely tied to the operational performance and waste water generated by customers. With the recovery of the domestic economy, the company has already seen a positive growth trend in operations this year, achieving a year-on-year revenue increase of 2.78% in the first five months, totaling 2.58 billion NTD. P&U Environmental also notes a lively market demand since the first quarter, with increased production activities and profitability, particularly in waste water treatment volume, leading to a 3-percentage-point increase in gross profit margin compared to the same period last year. P&U Materials focuses on the recycling of high-concentration ammonia nitrogen waste water, in addition to waste water treatment, and has developed recycled ammonium chloride products for electroplating and metal surface treatment industries. As P&U Materials begins operations and continues to expand, there is potential for the group's profits to grow in the second half of the year.
Source: YAHOO
Reported 10 months ago
The upcoming SelectUSA Investment Summit, organized by the American Institute in Taiwan, will see a Taiwan delegation led by Minister of Economic Affairs, Guo Zhihui, visiting the US to engage with key American companies and associations, conveying the new government's policies, understanding industry concerns, and deepening Taiwan-US economic and trade relations. The delegation will also promote US investment in Taiwan and enhance the Taiwan-US supply chain partnership. In addition, 19 Taiwanese startups will compete in the SelectUSA Tech Program, with 9 already qualifying for the finals, making Taiwan the leader in finalists worldwide. Guo Zhihui aims to lead Taiwan's industry supply chain expansion to the US and establish overseas production zones through policies such as 'inside and outside the border'. The Ministry of Economic Affairs emphasizes the alignment of Taiwan-US ideals and continuous support for businesses to expand into global markets and strengthen partnerships with US supply chains.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, financial stocks in Taipei rose by 0.5% following the market trend, marking a third consecutive day of gains with a total increase of 2.34% over three days, reaching a 34-year high. Leading the surge were stocks such as Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, SinoPac Financial Holdings, and Far Eastern International Bank. Analysts indicated that financial stocks, particularly those with significant weight in financial indices, have been boosting the overall performance, with positive prospects for the future. Among the top gainers on the day were Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, and Far Eastern International Bank, with gains over 1%. Additionally, securities companies and public banks are also anticipated to perform well in the current market conditions.
Source: YAHOO
Reported 10 months ago
According to the 'Statistical Review of World Energy' released by BP on June 20, 2024, global consumption and emissions of fossil fuels hit new highs in 2023. Despite efforts in developed countries to promote renewable energy, developing nations still heavily rely on fossil fuels. The report reveals that global oil consumption exceeded 100 million barrels per day for the first time, with the demand for coal increasing as well. Carbon emissions rose over 2% to over 40 billion tonnes, with the use of fossil fuels varying across regions.
Source: YAHOO
Reported 10 months ago
At the shareholders' meeting on June 20, 2024, Yeh Hui approved a dividend of 0.4 yuan per share, including 0.2 yuan in cash and 0.2 yuan in stock. Despite a challenging year in 2023 due to poor overall steel market conditions, Yeh Hui's operations have gradually improved since the end of last year. Optimistic about the second half of this year, Yeh Hui foresees improved market conditions with the gradual easing of inflation and growth in the automotive and real estate markets driving steel demand. Yeh Hui plans to actively develop green steel materials and low-carbon coated steel products, aiming to seize opportunities in green steel and low-carbon building materials, as well as continue investing in AIoT technology to enhance product efficiency and quality through data analysis.
Source: YAHOO
Reported 10 months ago
In Taipei on June 20, 2024, at 4:10 PM, YingShuo transferred the products primarily focused on central nervous system medications, including two market licenses for oral medications to treat epilepsy and oral liquid drugs, to JianQiao. This alliance not only enriches JianQiao's product line and expands its market penetration but also allows YingShuo to receive signing and milestone fees. The products transferred include central nervous system medications for treating epilepsy and oral liquid drugs, along with the development technology of a new generation of antiepileptic drugs, offering higher safety compared to traditional options. YingShuo and JianQiao deepened their collaboration, aiming to create a win-win situation and further boost the pharmaceutical industry in Taiwan.
Source: YAHOO
Reported 10 months ago
Summer is the best season to taste green bamboo shoots, with Taipei being a major producer from June to September. Farmers' market is selling freshly harvested bamboo shoots until August 27, with a special event at Taipei Flora Expo Farmers' Market on June 22-23 offering sweet bamboo shoots directly from local farmers. Visitors can enjoy a bamboo shoot meal by collecting receipts and pictures to redeem a special bamboo shoot burger. Locally grown bamboo shoots in Taipei are known for their sweetness and crispness, promoting the consumption of seasonal and local produce to reduce carbon footprints.
Source: YAHOO
Reported 10 months ago
Taiwan's largest development project at the Taichung High-Speed Rail Station area, the 'Taichung High-Speed Rail Entertainment Shopping Mall,' is set to host a major investment meeting on June 27 and groundbreaking ceremony on June 30. The leading developer, First International Development, signed a contract with the European five-star luxury hotel brand Kempinski on June 20 to introduce Kempinski hotels to Taiwan and build a top-tier city resort hotel in Taichung with an estimated total investment of around 8 billion NTD, aiming for a grand opening by the end of 2027. With Kempinski's century-old history and emphasis on detail and exquisite service, the 'First Kempinski Hotel' will stand out as a unique and unprecedented integrated complex in Taiwan, featuring a major department store shopping center, Grade A commercial office building, international conference center, multipurpose convention center, multifunctional theater, and art museum, among others.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, Wilson Electronics (6756) held a shareholders' meeting in Taipei, announcing the continuous release of high-speed transmission and various USB Type-C application products, actively focusing on product differentiation and maintaining technological leadership. The company approved the financial report and profit distribution plan, distributing a cash dividend of 2.0 yuan per share, with a revenue of 2.035 billion yuan in 2023 and a net profit of 180 million yuan, equivalent to an EPS of 2.62 yuan. Wilson Electronics' VL108 USB PD 3.1 DP Alt-mode control chip received USB-IF USB PD 3.1 EPR certification, while the VL830 has been adopted in design cases by nearly 50 global customers for products ranging from travel docking stations to screens, providing momentum for a diverse range of products. The VL832 USB4 terminal device control chip obtained USB-IF's USB4 product certification, enhancing signal integrity to better support detachable cable designs, marking an important milestone in the USB4 ecosystem. With big international players such as Intel, Apple, and AMD fully supporting USB4 processors and platforms, the USB4 specification has led to a transmission revolution with the introduction of USB4-compliant consumer electronic products. The widespread adoption of the USB Type-C interface in devices such as laptops, phones, displays, gaming consoles, IoT, and AR/VR will be an important factor in Wilson Electronics' future growth. The USB4 specification boasts transmission speeds of up to 40Gbps, offering more efficient data transfer rates, and is gradually being integrated into Windows 11, Intel's Alder Lake/Raptor Lake, AMD's Rembrandt/Phoenix, and Apple's M1/M2 platforms, leading to increased penetration rates. As more desktops and laptops on the market support the USB4 standard, the average selling price of USB4 products will surpass that of the current USB 3.1 standard. Wilson Electronics stated that its USB4 terminal device control chip will continue to be implemented in products for numerous clients, providing growth momentum for the company's performance.
Source: YAHOO
Reported 10 months ago
According to reports, TSMC is working on a new technology for advanced chip packaging using rectangular substrates instead of traditional circular ones, but commercialization is still a few years away. The move comes as the semiconductor industry sees a surge in demand for computing power driven by artificial intelligence. If successful, this shift to rectangular substrates will mark a significant technological advancement for TSMC, requiring substantial time, effort, and investment. The advanced packaging technology could potentially allow for more chips to be placed on each wafer, catering to the increasing demand for AI chips from clients like Nvidia, AMD, Amazon, and Google.
Source: YAHOO
Reported 10 months ago
Japanese car brands are facing tough competition in the Chinese market, resorting to steep discounts but losing out to local carmakers offering even lower prices. As a result, Japan plans to collaborate with ASEAN countries in a joint automotive sales strategy to tap into new markets and compete against the remarkable presence of Chinese electric vehicles in the ASEAN region. The move aims to offset the decline of Japanese car brands in China and explore opportunities in Southeast Asia. Government officials from Japan and ASEAN are set to develop a mid-term joint strategy until 2035, covering areas such as personnel training, carbon reduction in production processes, mineral resource procurement, and investment in next-generation biofuels.
Source: YAHOO
Reported 10 months ago
Chuanyu (2059) is expected to have better-than-expected first half-year earnings due to the recovery in general server demand and a 55% utilization rate, coupled with the recent depreciation of the New Taiwan Dollar. Analysts have upgraded the stock to a 'buy' rating and raised the target price. Chuanyu has shown monthly revenue growth this year, with May revenue reaching 868 million New Taiwan Dollars, a 93.61% increase year-on-year, surpassing expectations. Analysts believe that inventory adjustments have ended, leading to normal product shipments and a decent second quarter with a stronger performance expected in the second half of the year. The demand for general servers is on the rise, and Chuanyu is also benefiting from the potential strong demand for AI servers.
Source: YAHOO
Reported 10 months ago
Based on reports from Huang Yanhong and Lu Shumei in Taipei on June 20, 2024, at 4:10pm, as institutional investors, investment trusts, and proprietary traders gear up for the end-of-quarter accounting, the Taiwan stock market continues its push towards the half-yearly report, with eyes set on surpassing the 24,000-point mark. With strong support from heavyweight stocks, particularly in the technology and financial sectors, the market closed at a record high of 23,406 points, demonstrating a bullish momentum. The market outlook remains positive as various sectors show improvement, and experts caution to watch for key factors affecting the market moving forward.
Source: YAHOO
Reported 10 months ago
The '113th Immigration Professional Training' course, which has been postponed for two years, will begin with online instruction via video on August 10th, and is currently accepting registrations for individuals over 18 years old who are interested in obtaining an immigration professional certification. The Ministry of the Interior's Immigration Agency has commissioned the Taiwan Immigration and Commercial Intermediary Association to conduct the course, which is held once every two years, with a total of 40 hours of training. Upon completing the training and passing the exam, participants can obtain a permanent 'Immigration Professional' license, valid for life. Individuals engaging in immigration services must register with the Immigration Agency to operate legally. Registration is open from now until June 28th (based on postmark), and for inquiries, contact the Taiwan Immigration and Commercial Intermediary Association at (02) 2776-3158. More information can be found on their website (www.tica.org.tw).
Source: YAHOO
Reported 10 months ago
On June 20, 2024, Russian President Putin visited Vietnam as the head of state for the fifth time, following an invitation from the General Secretary of the Communist Party of Vietnam. Both countries declared an upgrade of their relationship to a 'comprehensive strategic partnership.' The visit included discussions on various sectors like oil, gas, nuclear science, and education with agreements reached in 11 areas. The strengthened partnership raised concerns among Western allies, particularly the US Embassy and the EU delegation in Vietnam, regarding Russia's actions in the Ukraine conflict.
Source: YAHOO
Reported 10 months ago
On June 20, 2024, the European Union imposed temporary anti-subsidy tariffs on Chinese electric vehicles, set to take effect on July 4, possibly triggering retaliatory measures from China. German Vice Chancellor and Minister of Economic Affairs Habeck is visiting South Korea and China to address issues such as China's electric vehicle production capacity. While in China, Habeck will emphasize the importance of international fair competition based on WTO rules and seek solutions within WTO regulations. Both the German industry and business associations oppose punitive tariff policies and fear Chinese retaliation. The EU-China Chamber of Commerce report also highlights the negative impact of the investigation on Chinese companies operating in Europe. Despite the tensions, China remains committed to resolving the trade disputes through dialogue and negotiation.
Source: YAHOO
Reported 10 months ago
According to a Reuters survey conducted by the Nikkei Research Company, over 60% of Japanese companies believe that their government does not need to follow the United States in imposing higher tariffs on Chinese products as they see no impact from China's overcapacity phenomenon on their businesses. The survey, which took place from June 5th to June 14th, revealed that about 53% of respondents think China's overcapacity has little to no effect on their operations, with concerns that implementing tariffs on Chinese products could lead to retaliatory measures and worsen the overall economy. The tariffs were imposed by the US, EU, and Canada on Chinese imports such as electric vehicles, batteries, and semiconductors, with Japan also expressing worry over China's non-market practices affecting fair competition.
Source: YAHOO