Reported about 1 year ago
After the new cabinet took office on June 21, 2024, it was anticipated that the reshuffling of senior personnel in state-owned financial institutions would be addressed in the second phase. On June 21, the Ministry of Finance approved the resignation of Xie Juanjuan, the Chairman of Land Bank, and confirmed that she accepted the invitation to become the Chairwoman of Bank SinoPac, with the official transition expected to take place in July. Xie Juanjuan, who has a master's degree in finance from National Taiwan University, had been leading the Land Bank for three years, overseeing continuous growth in credit business and a focus on sustainable policies, setting precedents such as being the first state-owned bank to venture into geothermal energy project financing. Xie's decision marks the first major personnel change in the public financial sector following the inauguration of the new president, following a trend of executives transitioning from public to private financial institutions.
Source: YAHOO
Reported about 1 year ago
Apple has engaged in negotiations with Baidu, Alibaba, and a startup company called Baichuan Zhineng on June 21, 2024, seeking to provide services for Apple AI. Due to the prohibition of the use of European and American generative AI models in mainland China, Apple had to seek local partners to expand its AI business in China. In a bid to overcome restrictions, Apple is now negotiating with these mainland companies to provide AI services, as the company's plan to enhance AI applications in its products had to be put on hold. Apple has reached out to Baidu, Alibaba, and Baichuan Zhineng to seek collaboration, as the ban on Western AI models in China has led to challenges for companies like Apple. The article also highlights that Apple's smartphone sales in the Chinese market lag behind those of local brands that have integrated AI features in their phones. Samsung had faced similar challenges, launching the Galaxy S24 series with generative AI features and turning to Baidu and Meitu for support under the ban, with Baidu offering the most competitive commercial language AI model in the Chinese market. However, unlike Apple, the Chinese market is not a major contributor to Samsung's profits.
Source: YAHOO
Reported about 1 year ago
Uni-President (1313) is boosting its market share in eco-friendly DOP in Japan and expanding into old factory replacement opportunities, aiming to improve profitability. Formosa (1312) is focusing on Southeast Asia, South Asia, and the United States in light of the oversupply of SM in China. Both companies have seen revenue growth in the second quarter, with Formosa's Quanzhou project showing positive feedback and Uni-President planning to increase its DOTP market share through various export channels and sustainability projects.
Source: YAHOO
Reported about 1 year ago
In the wake of the US-China tech war, Huawei, a major Chinese technology company, was blacklisted and faced comprehensive restrictions. However, with strong government support, Huawei has overcome the Western blockades by introducing the 'pure' domestic HarmonyOS NEXT operating system, which will be unveiled by the end of the year with the latest Mate 70 phone. This marks Huawei's strong development capabilities and the system's innovations will be shared at the Huawei Developer Conference 2024, showcasing the growth of the HarmonyOS ecosystem and providing a new user experience.
Source: YAHOO
Reported about 1 year ago
Singapore's DBS Group released a report assessing 27 emerging market economies based on key indicators as of the end of 2023, with Asian emerging markets looking 'quite healthy.' Taiwan claimed the top spot in economic health among the 27 markets due to its strong reserves from high savings and investment surplus, as well as low external and government debt. Other Asian countries ranking high include Vietnam, Indonesia, and South Korea. Taiwan's private debt, however, is relatively high at 141.7% of GDP. Despite structural challenges faced by China, the report highlighted Asia's relative economic health among emerging markets.
Source: YAHOO
Reported about 1 year ago
CSC released the third-quarter plate on June 21, 2024, opening flat as expected in the rod and wire segment. Downstream industries such as screws, hand tool, steel wire, and cable manufacturers have given positive feedback, appreciating CSC's consideration for the challenges faced by downstream operators. However, there was a price increase for some steel sheets, leading to concerns about the price gap with imported products. Following the plate release, CSC introduced a new project with stable prices for general plates, relaxed dimensions, and a slight price decrease for products sold to galvanizing and rolling mills. Industry representatives emphasized the importance of not raising prices to maintain international competitiveness and expressed hopes for gradual market improvement.
Source: YAHOO
Reported about 1 year ago
In order to assist Taiwan Railways in handling debt issues after its corporatization, the Executive Yuan approved the draft amendment of the 'Regulations on the Establishment of State-owned Taiwan Railways Corporation' on June 21, 2024. The amendment allows for the transfer of development rights when dealing with assets such as historic buildings, exempting them from restrictions under the State-Owned Property Act. It is estimated that after the amendment, a total of NT$147.4 billion can be allocated to repay Taiwan Railways' debts. This move is considered urgent as it aims to lower the overall cost burden by expediting debt repayment through fund asset development and disposal.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, E. Sun Financial Group announced the appointment of new legal representatives and independent directors for its subsidiary E. Sun Securities, with former Taiwan Depository & Clearing Corporation Chairman Zhu Hanqiang and National Chengchi University Professor Feng Zhenyu appointed as new independent directors. Additionally, the board of E. Sun Financial Group also decided to dissolve its subsidiary E. Sun Securities (Europe). The decision to dissolve the European branch was made in response to the impact of the EU's MiFID II directive on E. Sun Securities (Europe)'s revenue, for business development and profit considerations. The dissolution process is subject to FSC approval and may be completed in the second quarter of next year. E. Sun Securities (Europe) was registered in London in 1999, obtained FCA qualification to operate brokerage business in 2000, and provided services to institutional investors in the UK and Europe for investments in the Greater China market (Taiwan, Hong Kong, and Mainland China).
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, the US manufacturing sector continued to expand in June, reaching a 26-month high in the Purchasing Managers' Index (PMI) due to growth in new orders and employment. The US June manufacturing PMI rose from 51.3 in May to 51.7, exceeding expectations and hitting a 3-month peak. However, uncertainty in the Eurozone due to the early French elections caused a decline in the composite PMI to a 3-month low. The US service sector PMI increased from 54.8 to 55.1, and the composite PMI from 54.5 to 54.6, both reaching 26-month highs. Overall, US economic activity in June remained strong, driven mainly by the service sector, which has seen growth for 17 consecutive months, while manufacturing activities have also improved gradually.
Source: YAHOO
Reported about 1 year ago
At the shareholders' meeting of DAP Technology, a subsidiary of MediaTek, on June 21, 2024, Chairman Xie Qingjiang stated that terminal demand is gradually recovering, leading to optimistic operational performance. Forecasting a revenue growth of over 20% for the year, the company focuses on networking infrastructure and advanced AI IoT. With a strong focus on Bluetooth, satellite, broadband, and Ethernet networks, revenue from these sectors is expected to grow compared to last year, indicating positive prospects for the company.
Source: YAHOO
Reported about 1 year ago
As the stock market corrected on June 21, 2024, small investors without significant funds jumped in as the market dipped by over 200 points. Taking advantage of the positive news on advanced packaging technologies, zero-fee trading for small lots surged, with group trading volumes reaching a historic high of 3.3129 million shares, surpassing major tech giants like TSMC and Foxconn. This trend attracted active trading, with trading volume and value significantly increasing by 15.19% and 13.74%, respectively, compared to the previous day. Small investors, skilled in buying on corrections, remained undeterred by high-level adjustments and made strategic moves, leading to active trading in the zero-fee market.
Source: YAHOO
Reported about 1 year ago
HTC announced senior personnel changes, with CFO and spokesperson, Shen Daobang, leaving for personal reasons, and internal promotions for new accounting and finance directors. PR position will be taken over by Lu Jiade, current Legal and Corporate Governance Director. The company expressed gratitude to Shen for his past contributions. HTC emphasizes having a strong global management team and succession plan in place, ensuring stable operations and continuous global development without disruption from personnel changes.
Source: YAHOO
Reported about 1 year ago
Publicly-owned banks in Taiwan have differing opinions on the housing market in the second half of 2024, with some predicting a moderate price rebound while others foresee high-end fluctuations. The Central Bank recently introduced the sixth wave of credit control measures, and the government is reviewing the new youth housing loan mechanism. The Financial Supervisory Commission emphasizes risk management in banks and protecting consumer rights, urging banks to ensure borrowers understand their future obligations and not be overly optimistic. Various factors contributing to high housing prices are analyzed, including abundant market funds, inflation driving property purchases for value preservation, and societal trends like aging populations prompting housing changes. State-owned banks are monitoring repayment sources, debt ratios, and loan-to-value ratios, assessing the difficulty of property prices falling by 2-3%. The new youth housing loan scheme has encouraged home purchases for those under 50, with about 90% borrowing for 20-30 years, showing a positive effect in promoting homeownership among young adults. Plans for managing the new youth housing loans were discussed at shareholder meetings for banks like Mega International Commercial Bank to ensure fair treatment of all loan customers.
Source: YAHOO
Reported about 1 year ago
據德意志銀行研究顯示，人工智慧晶片領導廠商NVIDIA的市值已超越德國、英國和法國股市，截至20日止達3.22兆美元。由於投資人對AI發展前景看好，推升NVIDIA股價持續攀升，市值水漲船高。此外，NVIDIA18日股價首次超越微軟，成為美國市值一哥。
Source: YAHOO
Reported about 1 year ago
Richtek Holdings is optimistic about the demand for advanced packaging and actively expanding production. On June 21, 2024, their subsidiary, Richtek Semiconductor, announced the construction of the K28 factory in partnership with Honcho Construction. This expansion aims to meet the growing demand for advanced packaging processes, AI chip high-energy computation, and cooling needs. Market analysts view advanced AI chip packaging capacity as vital for Richtek's future operations, as the semiconductor industry is expected to lead industry recovery. The joint construction project will involve land contributions from Richtek Semiconductor and funding from Honcho Construction, aiming for completion by the fourth quarter of 2026 to support Richtek's operational growth plan in Kaohsiung. In addition to CoWoS packaging, Richtek's expertise in 2.5D and 3D packaging technologies positions them well for strong growth in the coming years.
Source: YAHOO
Reported about 1 year ago
Taiwan's stock market fluctuated downwards on June 21, with FSC Chairman Huang Tien-Mu expressing that FSC is the market's regulator and creator of systems, refraining from predicting future indices but monitoring market changes closely. The recent performance of Taiwan stocks hitting new highs similar to US stocks indicates fundamental support and economic outlook. Focus remains on investment risks, urging caution and flexibility. Discussions are ongoing regarding Taiwan's shift to T+1 settlement cycle, aligning with global practices while addressing forex concerns. Other topics include fund popularity, Renminbi outlook, and derivative trading platform developments.
Source: YAHOO
Reported about 1 year ago
Taiwanese memory module manufacturer InnoDisk (2451) held a shareholder meeting on June 21, 2024, where a full board of directors was elected, with the first time selection of second-generation member Shu Dao-an paving the way for succession planning. The new board includes Shu Chung-wan (Chairman), Shu Chung-cheng, Shu Dao-an, Zheng Yan-wei, and Jia Yun Investment Company. Independent directors include Guo Zong-ming, Chen Shi-hong, Lin Jia-xing, and Lin Shu-shan. Shu Dao-an, who is the son of Shu Chung-wan and previously served as the Chief of Procurement, has been prepared for the generational transition after years of company experience. InnoDisk reported a consolidated revenue of NT$10.5 billion and a net profit of NT$1.98 billion in 2023, with an EPS of NT$4.63, and announced a cash dividend of NT$4.99062502 per share. The company expressed confidence in the memory industry's recovery trends in 2024 with increasing DRAM and NAND Flash prices, and anticipated growth driven by innovative products and R&D enhancements. Looking forward to 2024, InnoDisk foresees a revival year in the memory market, especially in the third and fourth quarters, and expects significant growth in memory shipments with the increased adoption of AI PCs around 2025.
Source: YAHOO
Reported about 1 year ago
Both industrial sewing machine giant Goman (1531) and the world's largest household sewing machine manufacturer Shenn Hsing (1558) expressed optimism for their operations and shipments surpassing last year at their shareholders meeting on June 21, 2024, with Goman expecting a possible double-digit growth in the second half of the year. Despite the textile and garment industry being affected by the economic downturn last year, leading to decreased demand for industrial sewing machines, Goman's operations were impacted, but they anticipate improved performance this year.
Source: YAHOO
Reported about 1 year ago
President Lai Ching-tai announced the establishment of three major committees, including 'Climate Change,' on June 21, 2024, stating that extreme climate impacts are humanity's greatest challenge. The highly anticipated carbon pricing schedule, led by the Ministry of the Environment, is also racing against time to be completed by the end of October. The initial targets for carbon levy include high-emission industries such as petrochemicals and steel, as well as tech giants like TSMC, Winbond, and UMC, accounting for 54% of total emissions. Minister of the Environment, Peng Chau-ming, indicated that Taiwan will implement this unprecedented system within the year, drawing inspiration from carbon schemes in the UK, Singapore, and Japan, which will be closely monitored by the public.
Source: YAHOO
Reported about 1 year ago
According to statistics from the Ministry of Health and Welfare, cancer is the leading cause of death in Taiwan. Moved by the sudden loss of his father to pancreatic cancer, Wang Qingdong, Chairman of Junjen Group, made a vow to work towards a 'cancer-free' world. Transitioning from the semiconductor industry to biotechnology, Wang focuses on cancer treatment research by applying his expertise in semiconductor development to innovate in the field of oncology. With a strong belief in continuous learning, innovation, selflessness, and collaboration, Wang is dedicated to developing advanced cell therapy technologies to reduce cancer treatment costs and side effects, while also actively engaging in charity work to support cancer patients in need.
Source: YAHOO
Reported about 1 year ago
As of June 21, 2024, in Pingtung High-Speed Rail Special Zone and driven by factors such as 'Buy Pingtung,' the presale prices of high-rise building projects in Pingtung City have started at over 300,000 per ping. The prices in desirable areas have also surged, with an increase of at least 17% since a year ago. Both new and second-hand properties have seen significant price hikes, attracting buyers from neighboring areas like Kaohsiung. The continuous hot trend in Pingtung's housing market is attributed to its affordability, policy immunity from property regulations, and ongoing major public infrastructure projects like the Pingtung High-Speed Rail Special Zone.
Source: YAHOO
Reported about 1 year ago
On June 21, 2024, Vice President Zeng Yanyu of Yuanta Securities Research Department analyzed the market at 4:10 pm: NVIDIA's Huang Renxun's comment before leaving Taiwan, stating that TSMC's value in the semiconductor industry is undervalued, sparked foreign interest in TSMC. With ambitious new chairmanship at TSMC's shareholders' meeting, TSMC's stock price soared in just one week, pushing the Taiwan Stock Index past 23,000 points, exceeding all expectations. The rise of NVIDIA indicates TSMC's continued undervaluation and the beginning of AI growth. The article also discusses implications for other major tech companies like Microsoft and Apple, and the importance of the semiconductor industry and AI in the global market.
Source: YAHOO
Reported about 1 year ago
Huadong (1603) is benefiting from Taiwan Power's Resilient Grid Project with over NT$5 billion in hand orders. Their 161KV ultra-high-voltage cable production line is at full capacity, prompting them to start developing 345KV ultra-high-voltage cables with the goal of qualifying for Taiwan Power tenders by the end of 2027. At the shareholders' meeting on June 21, Huadong approved a cash dividend of NT$1.3 per share, elected 2 directors and 3 independent directors, with Chen Liangyin appointed as chairman. Chen indicated a commitment to market development, innovation, and operational resilience to ensure sustained growth for the company. Huadong's cable orders primarily come from Taiwan Power, and with the current 161KV production line already profitable and at capacity, their focus for this year is on developing the 345KV XLPE cable project, aiming to complete testing by February 2026 and secure qualification for Taiwan Power tenders by the end of 2027. Regarding the challenging aluminum door and window market, Huadong signed an OEM contract with Japanese giant TOSTEM to promote high-performance aluminum door and window systems for luxury home projects and develop barrier-free facilities for the increasing elderly population in Taiwan by 2026. Additionally, Huadong plans to utilize 2MW of land in the Lizet Industrial Zone to build a solar photovoltaic field and rent out remaining lands for a large-scale energy storage system. This article also covers other business developments such as the demand for Liaoning Changcheng Semiconductor bidding derivatives and the upcoming launch of the Confirmation Platform for Derivatives in the 2022 season. Global server shipments are rising, as TrendForce forecasts a 5% growth for next year.
Source: YAHOO
Reported about 1 year ago
La Vie by Thomas Buhner's dishes, designed by Michelin three-star chef Thomas Buhner and resident executive chef Yang Zhan-Hao, feature unique ingredients such as goatfish, lobster, tuna belly, white asparagus, beef liver, among others. The meticulous use of ingredients and culinary techniques, combined with diverse flavor combinations, justifies the restaurant's high prices and showcases a blend of European and Asian culinary skills. Each dish prepared by chef Yang is labor-intensive, exemplifying a trend in the culinary world towards zero-waste cooking, with innovative presentation and taste experiences.
Source: YAHOO
Reported about 1 year ago
Wang Qingdong emphasized the importance of cancer prevention, stating that many cancers are preventable. He advocates for reducing the risk of cancer through healthy lifestyle choices. While there is extensive information available on cancer prevention, he believes that cancer can be controlled through proper diet and lifestyle habits. Simple lifestyle changes such as healthy eating and staying hydrated can effectively prevent cancer. With his dedication to developing cell therapy techniques, the aim is to replace traditional chemotherapy, reduce its side effects, enhance patients' quality of life, lower cancer treatment costs through technical innovation, making advanced treatment methods more affordable, and ultimately improving treatment accessibility and effectiveness to challenge the notion that cancer equals death.
Source: YAHOO