Business and Finance

SEMICON Taiwan expected to attract 50,000 visitors

5G mobile communication, AIoT, and high-performance computing will drive growth in the semiconductor industry

Taiwan News
Date: 2019/09/16
By: George Liao, Taiwan News, Staff Writer

(SEMI photo)

TAIPEI (Taiwan News) – SEMICON Taiwan will take place at Taipei Nangang Exhibition Center, Hall 1, from Wednesday (Sept. 18-20).

This year SEMICON Taiwan has assembled more than 700 exhibitors and organizes 21 forums, with more than 300 speeches and presentations, CNA reported. The semiconductor trade show will feature advanced semiconductor manufacturing processes, heterogeneous integration, sustainable manufacturing, smart applications, and compound semiconductors.

There will also be a simulated 200mm-wafer clean room interactive area at the venue, the news agency said. It added the trade show is expected to attract more than 50,000 visitors.

Terry Tsao (曹世綸), president of SEMI Taiwan, which organizes the trade show, said that exhibition areas and forums dedicated to smart manufacturing, smart vehicles, smart data, and smart healthcare have been planned for this year's show. 5G mobile communication, AIoT, and high-performance computing will further drive growth in the semiconductor industry, he added.
[FULL  STORY]

Nearly half of office workers want to enter e-commerce industry: poll

Focus Taiwan
Date: 2019/09/16
By: Wu Chia-jung and Evelyn Kao

Taipei, Sept. 16 (CNA) With the fast development of e-commerce, up to 46.7 percent of office workers intend to get into the industry, with those in the 31-35 age bracket the most enthusiastic, according to the results of a survey released Monday by 1111 online job bank.

The major reasons for wanting to enter the industry include "e-commerce is a trend/bright industry prospect," "doing a side job to make extra money," "doing a job that is not bound by time or space," "to develop a new skill" and "plenty of opportunities to increase income," according to the survey.

The poll also found that up to 93 percent of office workers have made at least one online purchase over the past year, with 53.7 percent having gone online shopping for products from overseas.

Most office workers in the e-commerce industry are in the 21-25 age bracket, showing that young heavy Internet users are more prone to getting into the industry and make up a large proportion of employees in the sector, according to the job bank.    [FULL  STORY]

SGRE breaks ground at Taichung port

OFFSHORE WIND FARMS: The facility is expected to provide more than 100 job opportunities, with construction likely to be completed by the end of next year

Taipei Times
Date: Sep 17, 2019
By: Natasha Li  /  Staff reporter

Wind turbine manufacturer Siemens Gamesa Renewable Energy SA (SGRE) yesterday unveiled its

Taichung Deputy Mayor Bruce Linghu, fourth left in blue vest, Minister of Economic Affairs Shen Jong-chin, fifth left, and Minister Without Portfolio Kung Ming-hsin, fifth right, yesterday wield shovels at a groundbreaking ceremony at Taichung Harbor along with representatives of offshore wind turbine manufacturers.
Photo: CNA

nacelle assembly facility in Taichung — the Spanish company’s first outside Europe.

After Danish energy company Orsted A/S in June placed an order of wind turbines for its 900 megawatt (MW) wind farm project off the coast of Changhua County, SGRE decided to establish a nacelle assembly facility at the Port of Taichung, for which it leased 3 hectares from Taiwan International Ports Corp’s (TIPC, 台灣港務) Taichung branch.

A nacelle is a casing that houses all of the generating components in a wind turbine.

Construction of the facility, which would include an office and storage area, as well as serve as a nacelle testing center, is expected to be completed by the end of next year, SGRE said.
[FULL  STORY]

Taiwan expected to report further export fall for August

Focus Taiwan
Date: 2019/09/13
By: Liao Yu-yang and Frances Huang

Taipei, Sept. 13 (CNA) Taiwan is expected to report another year-on-year fall in export orders for August at a time when the escalating trade disputes between the United States and China has sent ripples through the global market, the Ministry of Economic Affairs (MOEA) said Friday.

Citing the results of a survey, the MOEA statistics department said export orders for August are estimated to range between US$41.5 billion and US$42.5 billion, down 2.7 percent-5 percent from a year earlier, marking the 10th consecutive month of a year-on-year decline.

In addition to the impact of the global trade war, the MOEA said a relatively high comparison base over the same period of last year would also contribute to the fall in August.

The MOEA is scheduled to release the August export orders data Sept. 20.    [FULL  STORY]

Large OSAT firms poised to win: Fitch

BIGGER BETTER? Big semiconductor outsourced assembly and test firms have the technological and financial advantages over smaller firms to ride out the storm

Taipei Times
Date: Sep 14, 2019
By: Crystal Hsu  /  Staff reporter

With demand for smartphones and personal computers declining, large outsourced semiconductor assembly and test (OSAT) companies should fare better than their smaller rivals because of their better technological capabilities, more diversified product portfolios and financial flexibility on research and development, Fitch Ratings said.

The industry could see a short-term recovery in revenue after a severe downturn in the first half of this year, thanks to the arrival of new-generation smartphones and better demand for wearables and automotives, the international ratings agency said.

Larger firms, such as Taiwan’s ASE Technology Holding Co (ASE, 日月光投資控股) and US-based Amkor Technologies, should see faster growth and gain market share at the expense of Chinese rivals Jiangsu Changjiang Electronic Technology (江蘇長電科技) and Singapore’s Global A&T Electronics Ltd, it said.

Larger chip assembly and test companies have conservative leverage and have been diversifying to offer new products, such as wearables, automotive and Internet of Things, where demand is growing rapidly, it said.    [FULL  STORY]

Taiwan’s Kai Ping Culinary School offers internationally recognized culinary education

Culinary academy in Taipei trains next generation of service industry leaders in Taiwan

Taiwan News
Date: 2019/09/12
By: Duncan DeAeth, Taiwan News, Staff Writer

Annual honors ceremony (Photo Courtesy of Kai Ping Culinary School)

TAIPEI (Taiwan News) – Taiwan’s first and only vocational school specializing in culinary education for high school students continues to expand its educational offerings with a unique approach to teaching practical skills. Kai Ping Culinary School (開平餐飲學校) is Taiwan’s only high school -level educational institute certified by the World Association of Chefs Societies.

Located in Taipei’s Da’an District, Kai Ping strives to train the next generation of professional chefs to enrich Taiwan’s hospitality and service industries. Kai Ping has a history of over 60 years as an educational institute and has specialized in culinary education since 2007, receiving WorldChefs recognition in 2015.

In recent years, Kai Ping has steadily expanded its international network with culinary academies in other countries and further enriched its own curriculum. In order to better simulate the environment and demands of work in the service industry, Kai Ping has adopted a model of education that has created a micro-society within the school, where students learn to assume different roles in their interactions with educators, guests, and one another.

To better prepare students for work in the hospitality industry, the school has adopted a pedagogy termed “Phaslized Thematic Socialization,” or “learning through doing,” via modules crafted to train students in various vocational, social, and cultural skills. Across the street from the school campus, Kai Ping maintains a restaurant that is entirely operated by students, where they can test their skills and gain practical service experience.    [FULL  STORY]

Taiwan’s regular wage up over 2.42% in July

Focus Taiwan
Date: 2019/09/12
By: Wu Po-wei and Frances Huang

Taipei, Sept. 12 (CNA) The average regular wage in Taiwan rose 2.42 percent from a year earlier in July after a 2.33 percent year-on-year increase in June, indicating that regular wages in Taiwan grew in a stable manner, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

However, real wages stayed at a similar level they were at 17 years ago after inflationary adjustments.

Data compiled by the DGBAS showed that the average regular wage for July stood at NT$41,927 (US$1,344), up NT$992, or 2.42 percent from a year earlier. On a month-on-month basis, the July average regular wage also rose 0.40 percent, the data indicated.

Pan Ning-hsin (潘寧馨), deputy director of the DGBAS census department, told reporters that the growth on both the year-on-year basis and month-on-month basis showed that Taiwan's wages still grew steadily, while the economic growth showed signs of moderating amid a global trade war.
[FULL  STORY]

Dry on cash, CPT cuts salaries

OTHER LCD NEWS: Terry Gou has reportedly given up his controlling stake in SDP, which is building an LCD plant in Guangzhou, in a bid to distance himself from China

Taipei Times
Date: Sep 13, 2019
By: Lisa Wang  /  Staff reporter

Chunghwa Picture Tubes Ltd (CPT, 中華映管) yesterday said that most of its employees would only receive part of their monthly salaries as the company has run out of cash due to slumping orders.

The LCD panel maker has used up all of its working funds and would not be able to pay severance fees, retirement fees and other perks, it said in a filing with the Taiwan Stock Exchange.

CPT had applied for insolvency protection with the Taoyuan District Court, but its hopes were dashed after the court on July 29 rejected its restructuring plan and overruled its final appeal.

“The company has depleted all its capital and failed to fully pay employees’ August salaries on Sept. 11,” CPT said in the filing. “The board of directors has approved the proposal to pay employees part of their salaries on Sept. 12.”    [FULL  STORY]

Taiwan remains 4th in BERI global investment report

Taiwan News
Date: 2019/09/10
By: Taiwan Today, Agencies

Taiwan remains fourth among 50 economies in the latest edition of the triannual Profit Opportunity Recommendation report by U.S.-based Business Environment Risk Intelligence SA.

Scoring 64 out of 100 in the three-index survey, Taiwan trailed Switzerland, 74; Norway, 69; and Singapore, 65. The country finished ahead of neighbors Japan, 62; South Korea, 62; and China, 49.

Taiwan’s second-best 1B investment rating indicates that the country is suitable for long-term equity investment. This assessment puts Taiwan on par with Norway and Singapore but behind No.1 Switzerland with 1A.

Other highlights for Taiwan include fourth in operations risk. This placed the country alongside India but behind Switzerland, the U.S. and Australia in that order.    [FULL  STORY]

TSMC sales hit new high in August

Focus Taiwan
Date: 2019/09/10
By: Chang Chien-chung and Frances Huang

Taipei, Sept. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said it saw its August sales hitting a monthly record high in the company's history.

Market analysts said the August spike was partly the result of an increase in orders placed by Apple Inc., which was building up inventory in preparation for the launch of the next-generation iPhones scheduled for later in September.

In a statement, TSMC said it posted sales of NT$106.12 billion (US$3.40 billion), the highest-ever level, up 25.2 percent from a month earlier and also up 16.5 percent from a year earlier.

Analysts said the August sales even surpassed an earlier market estimate of NT$100 billion on the back of the peak-season effect at a time when several major clients, including Apple, are set to launch new devices.    [FULL  STORY]