Reported 10 months ago
In an interview with KPMG's Chairman Chen Jung-Kuang on June 10, 2024, he discussed business philosophy and operational planning, noting that in recent years, there have been significant fluctuations in international political and economic situations. Chen emphasized that businesses will face multiple risks and challenges this year, including the intertwining impact of interest rates and inflation, adjustments to the supply chain in the post-pandemic era, geopolitical conflicts, ESG considerations, and changes in the international tax environment. He highlighted the need for companies to remain vigilant, adaptive, and thorough in their planning to ensure long-term stable development amidst the various challenges posed by the 2024 political and economic landscape.
Source: YAHOO
Reported 10 months ago
June 10, 2024 - The AI wave is sweeping the globe, with Nvidia's market value surpassing $3 trillion and overtaking Apple. The market is now focusing on Apple's WWDC 2024 to see what AI products they will unveil and compete with other tech giants. Apple plans to create a more attractive AI by seamlessly integrating it into daily applications to enhance user experiences, rather than just using AI for high-tech applications like image and video generation. They introduced the 'Apple Intelligence' AI operating system at WWDC, integrated with OpenAI technology, featuring an algorithm to determine task types and complexity to decide between on-device or cloud AI computation. To enable offline AI computation, users will need iPhone 15 Pro series or newer, or iPads/Macs with M-series chips. Safari, Siri, iMessage, and Mail will integrate with Apple Intelligence to enhance daily user experiences. The potential AI transformation could accelerate product cycles, boost stock prices, and potentially surpass Nvidia and Microsoft in market value competition.
Source: YAHOO
Reported 10 months ago
The US tech stocks saw a rebound in mid-April, with major tech companies posting impressive financial reports and becoming hotspots for investment. Industry experts are optimistic about the market sentiment, especially in the tech sector. Nvidia CEO, Jensen Huang, highlighted long-term plans for AI GPU architecture, driving advancements in language models and boosting the AI market. With the rise of generative AI, driven by GPU parallel computing, companies like Nvidia are expected to continue strengthening their positions through innovative product offerings. Overall, the high expectations for AI industry development are driving suggestions for regular investment in US tech funds to capture long-term opportunities.
Source: YAHOO
Reported 10 months ago
Pure electric folding machines are gradually replacing traditional high-power-consuming folding machines, becoming a new weapon for sheet metal processing factories. With the thriving demand for AI servers and industrial computers, Han Chen Technology, a company selling its own brand KG WORKER of fiber laser processing equipment nationwide, continues to see high orders in the electronic sheet metal processing industry. The company's general manager, Guo Jianjun, mentioned the resurgence of the electronic sheet metal factory sector this year, particularly focusing on processing server casings and industrial computer casings driven by the increasing AI demand. The trend of using robotic welding arms, with the need for highly automated lines and advanced equipment such as edge removal machines and multi-functional grinding equipment, is also highlighted.
Source: YAHOO
Reported 10 months ago
Due to the return of Taiwanese businesses driving up the prices and demand in the commercial office market nationwide, industrial land in prime locations is also experiencing a buying frenzy. Small factory warehouses eligible for three permits for legal leasing have become a hot commodity due to high market demand. To meet this demand, quick-thinking operators have planned small factory warehouses suitable for use by small and medium-sized enterprises in Longjing, Taichung. These warehouses can be leased for companies to obtain company registration, factory registration, and business registration certificates legally. They can be used as offices, warehouses, as well as for light processing and product assembly, serving as a great boon for small and medium-sized entrepreneurs. For inquiries, please call: (04) 24392780.
Source: YAHOO
Reported 10 months ago
The four-day European Parliament elections ended on June 9, 2024, with preliminary results showing gains for far-right parties despite center-right parties maintaining the majority. Both ruling parties in Germany and France lost to far-right parties, prompting French President Macron to dissolve parliament and call for early elections. The European stock markets plummeted in response, with Stoxx 600 down 0.7%, DAX down 0.93%, and CAC 40 plunging 2.01%. The Euro fell 0.5% against the US Dollar to a one-month low, while also dropping to a 21-month low against the Pound. Far-right parties combined to gain 131 seats in the European Parliament, with the National Rally in France getting double the votes of Macron's party. The Alternative for Germany (AfD) secured the second-highest vote share at 16.5%, just behind the Social Democrats in Germany. Belgian Prime Minister De Croo's party faced defeats across federal, regional, and European Parliament elections, leading to his resignation but continuation as caretaker prime minister until a new coalition is formed.
Source: YAHOO
Reported 10 months ago
World Advanced (5347) reported a consolidated revenue of 3.57 billion in May, surpassing the previous month and the same period last year, marking the second-highest revenue of the year. Market analysts are optimistic about the company's performance in the second quarter, anticipating it to outperform the previous quarter. The company expects the market inventory adjustments to gradually conclude, industry demand to slowly emerge, and forecasts a warmer business climate in the second half of the year. May's consolidated revenue grew by 5.37% compared to the previous month and 13.73% compared to the same period last year, positioning it as the second-highest monthly revenue this year. Looking ahead to the second quarter, World Advanced projects an increase in wafer shipments by approximately 17% to 19% influenced by the recovery in demand for large-size driver ICs and power management ICs, with an expected average selling price decrease of 2% to 4% and a gross profit margin between 25% to 27%.
Source: YAHOO
Reported 10 months ago
Chang Hwa Bank has received recognition from an international organization as its science-based carbon reduction targets were approved by the Science Based Targets initiative in May. The bank is moving towards carbon neutrality and actively planning four main visions: scientific carbon reduction, responsible investing, credit granting with responsibility, and inclusive finance. It aims to reduce carbon emissions by 42% by 2030 compared to 2020 levels, focusing on its operations and indirect emissions through various projects. Chang Hwa Bank is also enhancing its climate change governance, incorporating greenhouse gas reduction, implementing energy-efficient strategies, and strengthening resource management to achieve significant carbon reduction results by 2023.
Source: YAHOO
Reported 10 months ago
Following a high of 21,970 points last week, the Taiwan stock market is attempting to break through the 22,000-point mark this week. Market analysts are closely monitoring five main areas this week including WWDC, May revenue of listed companies, TSMC ex-dividend, major shareholders' meetings in the finance and AI industries, and NVIDIA stock split. They predict the index will fluctuate between 21,500 and 22,500 points by the end of June, noting positive reactions in both US and Taiwan stocks to recent financial reports and anticipating market volatility before the FOMC meeting. TSMC ADR hit a record high, with Taiwan stocks expected to jump towards 22,000 points. The five key focus areas this week include WWDC, May revenue announcements, ex-dividends, major shareholder meetings, and the NVIDIA stock split.
Source: YAHOO
Reported 10 months ago
Recently, the Taiwan Franchise Promotion Association (ACFPT) successfully secured the right to host the 2026 World Franchise Council (WFC) Annual Conference by presenting Taiwan's strong franchise industry to the WFC and Asia-Pacific Franchise Confederation (APFC) members. With 46 member countries in total, these organizations hold international conferences annually to discuss global franchise trends and business opportunities. Taiwan, with 3,000 franchise brands and robust support from the government, eagerly anticipates contributing to the global franchise industry at the 2026 event, which will feature various international franchise industry activities to showcase Taiwan's brands to the world.
Source: YAHOO
Reported 10 months ago
Asia Optical (6139), a clean room construction company, reported a 58 billion revenue in May, a 109.91% year-on-year increase. Despite delays in the progress of major customer UMC's factory in Singapore, Asia Optical stated that the clean room project is mostly completed and will enter the installation phase, aiming to win other projects in Singapore based on this experience. Analysts expect a positive revenue performance in the first half of 2024 due to peak invoicing periods in China and Singapore projects, with progress in Singapore expected to continue this year. The company's performance is anticipated to maintain historical highs for the first half of the year, with overall revenue growth expected for the whole year. In Taiwan, Asia Optical's subsidiary Rung Gong is benefiting from public works projects, especially in the metro sector in Taipei, Taoyuan, and Kaohsiung, creating momentum for operations.
Source: YAHOO
Reported 10 months ago
Mainland China's crude steel production in May reached 93.6 million tons, up 3.87% annually, indicating an oversupply risk in the steel market. Despite positive signs like reduced social steel inventories in April and May along with government policies to stimulate the economy, recent increase in production capacity of mainland Chinese steel mills has led to the emergence of an oversupply crisis. This excess capacity is expected to flow into foreign markets, potentially destabilizing the Asian and global steel markets.
Source: YAHOO
Reported 10 months ago
蘋果於WWDC 2024中將展示AI領域發展，郭明錤提出七大問題，預測可能的AI服務和合作，但指出手機銷量提升可能性低，主要著墨於AI功能應用和iOS 18升級。他關注市場對Apple的正向態度、手機趨勢、換機需求、業務收益提升、具體AI服務、合作優勢，以及大語言模型進展，指出長遠投資有助硬體與服務，但短期內營收利潤獲益有限。
Source: YAHOO
Reported 10 months ago
Ande Life Insurance's Blood Donation Alliance braved the elements to hold a public blood donation event with insurance broker partners Lidee, Leishan, and Dascheng on June 6th at a mobile blood donation vehicle in Taipei City Park. This is Ande Life Insurance's second year collaborating with insurance brokers, aiming to spread passion and love through practical actions. Since 2016, Ande Life Insurance has held annual blood donation events, encouraging employees to volunteer and donate blood. In 2023, the company formed the 'Ande Life Insurance Blood Donation Alliance' with broker partners to call for more businesses to give back to society through public welfare activities. This year, they continued this spirit by partnering with multiple broker partners. General Manager of Ande Life Insurance, Zhang Zhijie stated that with recent news of blood shortages, they were honored to work with broker partners once again to contribute to blood donation public welfare in Taiwan. The Alliance aims to increase public participation willingness through the collective strength of corporate partners to support public welfare blood donations and help more people in need. The Taipei event raised a total of 116 bags of blood, and Ande Life Insurance has also integrated the people-oriented spirit of the insurance industry by introducing new underwriting rules in 2023. Customers purchasing investment-type insurance can provide a blood test report meeting donation standards within a year for higher coverage limits based on age, with those under 35 being eligible for a maximum of 20 million NT dollars. This helps policyholders build personal risk protection while contributing to societal public welfare. Ande Life Insurance will continue to host blood donation events with broker companies, aiming to attract more partners annually and spread the spirit of giving back to society across Taiwan.
Source: YAHOO
Reported 10 months ago
As of June 10, 2024, financial institutions in Taiwan had varying investment strategies in the first four months, with banks and securities firms consistently increasing their holdings in Taiwan stocks by a total of nearly NT$1.5 trillion, while life insurers reduced their holdings by nearly NT$1.95 trillion during the same period. Banks have been increasing their stock market investments since November last year, reaching a new high in holdings and unrealized gains. Securities firms have also been supporting Taiwan stocks with significant increases, while life insurers have been capitalizing on the bullish market to realize profits by selling stocks due to rising US dollar rates and other market conditions. Overall, Taiwan's stock market has seen positive growth, with banks and securities firms boosting their holdings while life insurers have been reducing theirs.
Source: YAHOO
Reported 10 months ago
After the European Parliament elections, populist and far-right parties have significantly expanded, with analysts predicting a more influential role in policy-making in the next five years. The polarization in Parliament may pose challenges for legislation on climate, immigration, and defense, while the chip policy is expected to remain unchanged. The rise of far-right parties could lead to shifts in how contentious issues are approached, with a focus on immigration control and a potential resistance to climate policies. The European Parliament may continue to prioritize high-tech and green industries, enforcing the European Chips Act and adopting a tough stance on imports from mainland China amid changes in industrial strategies and potential challenges in Ukraine support due to member states' relationships with Russia and China.
Source: YAHOO
Reported 10 months ago
Trend Micro Taiwan's General Manager, Andy Hung, discusses the challenges CISOs face in gaining trust from boards of directors due to communication gaps. A study involving 2,600 IT leaders globally, including in Taiwan, revealed that while 98% of respondents were confident in their company's cybersecurity resilience, there was a disconnect between cybersecurity and business strategies. CISOs need to quantify the value of their cybersecurity strategies to bridge the trust gap and improve communication with boards, ultimately creating cybersecurity benefits for the organization.
Source: YAHOO
Reported 10 months ago
Hitachi Group of Japan plans to train 50,000 employees to become 'GenAI professionals' by 2027, utilizing generative AI to develop new services in IT and railway sectors. Hitachi is partnering with tech giants like Google, Microsoft, and NVIDIA to integrate the latest technologies for applying generative AI. The company aims to increase its productivity by deploying AI resources from development to marketing stages, investing approximately $21 billion in generative AI by the 2024 fiscal year to seize growth opportunities and enhance competitiveness in the evolving AI market projected to reach $211 billion globally by 2030.
Source: YAHOO
Reported 10 months ago
Securities News Center on June 10, 2024, 4:10 pm *Shareholder Meetings: Zhenhua Electric, Dongge Yacht, Taiwan Airlines, Jingyan, etc. *Ex-dividend/Ex-rights: Weiyung, Taiwai Investment Control, World Fitness-KY, etc. *Domestic and International Investor Relations Events: Mega Financial Holding, Phoenix, Taishin Financial, Shin Kong Financial, Chang Bo Science, Weiyung, Fubon Financial, E.SUN Financial, Shen Long, Qiqi, Winbond, etc. *Highlighted Stocks: Tainan, Xiangyao, Lianshangfa, Infunite, OTC, Xunzhou, Shengtai, New Rising, Creativity, Sunda, Jia Biqi, He Chun, Guangsheng, Chansen, Meidical-DR, Tai Kin Pang-DR, Vietnam Control-DR, Minghui-DR, Ton Fang Youyou-DR, Shengquan, Micro Port, Shuanghong, Shuanghong 4, Lianshang, Qingteng, Shenghui, Full Spectrum, Yongsheng, Jing Chen Ke, Science and Technology, Hui Zhi, Junhua, Kangquan Telecom. *Resumption of original margin ratio and original margin percentage: Micro-End. *Reduced margin ratio by 1% and increased margin percentage by 1%: China Best-KY, Guangsheng, Cheng Tai, Ruishe Light Electronics, Donyou, and more reports from Business Times on US recovery strong, impacting global economy, day trading tax cut passed, boosting Taiwan stocks, race to the end of the year for golden stock, return of the king for Largan Precision sparks price war.
Source: YAHOO
Reported 10 months ago
Taiwan's stock market rally has benefitted the finance sector, with Fubon Financial Group announcing a record-high post-tax profit of 16.02 billion NTD in May and a 594.3 billion NTD profit for the first five months of 2024, surpassing its competitors. Cathay Financial Holdings also reported significant growth, with a 78.8 billion NTD profit in May and a 588.1 billion NTD profit for the first five months. Both financial giants are expected to challenge profits exceeding 600 billion NTD in June, largely driven by strong stock market performance and increased profits from subsidiaries like Fubon Life and Cathay Life. Fubon Securities and Cathay Securities also saw profit increases in May, contributing to the overall success of the finance sector in Taiwan.
Source: YAHOO
Reported 10 months ago
During an interview with KPMG Taiwan Chairman Chen Junguang on June 10, 2024, he highlighted the company's approach to digital transformation, focusing on enhancing internal capabilities before external services. The strategy involves enabling employees with digital skills, gradually incorporating AI for administrative tasks, and strengthening service quality and risk management. To keep up with global digital trends, Chen emphasized the importance of talent cultivation, employee empowerment, and continuous innovation to optimize work processes. KPMG is implementing various strategies like the 'Have Fun, Make Impact' initiative and the transformation project 'KPMG Future is Now' to boost digital transformation efforts and employee experiences. Additionally, they are developing AI skills among employees to improve productivity and provide better services to clients.
Source: YAHOO
Reported 10 months ago
On June 10, 2024, Associate Professor Chien-Ting Yin from the Department of Computer Science at Chung Yuan Christian University led students to participate in the 8th International Conference on Medical and Health Informatics held in Yokohama, Japan. The students excelled, with Lu Li-Ting and Chang Yi-Jou winning first place in the Student Essay Prize Competition's university category, Peng Kang-Hsuan and Hsu Ying-Chi ranking second in the same category, Yen Chia-Pin and Yang Tzu-Fang ranking third, and Master's student Chang Nai-Yuan achieving first place in the Master's category. In recent years, CYCU's CS department has been focusing on artificial intelligence and big data, offering various courses and support for students to participate in national and international competitions, applying their knowledge to AI-related fields, and enhancing students' technical innovation and research spirit.
Source: YAHOO
Reported 10 months ago
Hsinchu County Government, in collaboration with 'StarFab Accelerator,' has launched the 'Hsinchu AIoT Accelerator' for its third year, attracting over 50 startup proposals in the past two years with successful matches for 15 teams and companies. The county recently held the 'AI Smart Hsinchu: Innovation for Sustainable Bright Spots' event to explore AI trends, practices, and resources. This initiative aims to foster AI and IoT industry research, development, and talent cultivation by leveraging the county's technological advantages, connecting startups with established enterprises, and supporting their international expansion efforts.
Source: YAHOO
Reported 10 months ago
Since the scandal involving test data fabrication erupted last week, Toyota's stock price has plummeted over 5% in a week, resulting in a market value loss of over $15 billion. Other automakers like Mazda, Honda, Suzuki, and Yamaha were also implicated in the test data fabrication case, causing a widespread decline in Japanese automotive stocks last week. Fortunately, on June 10th, there was a rebound with Toyota's stock price rising by 1.7%, Honda by 2.4%, Suzuki by 1.2%, and Yamaha by 0.5%, except for Mazda's continued decline by 0.1%. Investigations have been launched by the Japanese Ministry of Land, Infrastructure, Transport, and Tourism into Toyota and other mentioned automakers on suspicion of test data fabrication, specifically in impact tests. Toyota has temporarily halted the shipment and sales of three Japanese-made vehicles, including Corolla Fielder, Corolla Axio, and Yaris Cross, and issued public apologies and admissions of non-compliance with regulations. This scandal and recall follow a series of similar incidents in the Japanese automotive industry over the past year, severely tarnishing Toyota's brand image.
Source: YAHOO
Reported 10 months ago
Fuhsing Technology (2405) reported a revenue of 149 million NT dollars in May, marking a year-on-year and month-on-month growth, leading to a total revenue of 731 million NT dollars for the first five months of the year with a 5.55% annual increase. The company showcased a full range of products at COMPUTEX, focusing on edge computing, automation, IoT, and smart medical demand, and announced plans to expand in AI PC product lines. Fuhsing's revenue momentum increased due to mid to high-end mini PC models and core quasi-system product shipments, as well as new product launches in the first quarter. The company is looking to continue growth in the second quarter and the second half of the year by expanding its AI PC and industrial-grade Edge PC product lines. Fuhsing believes that its efforts will positively impact overall operations, positioning itself well in the market.
Source: YAHOO