Business and Finance

TSMC to issue NT$13.9 billion in bonds to fund production expansion

Focus Taiwan
Date: 07/04/2020
By: Chang Chien-chung and Frances Huang

CNA file photo

Taipei, July 4 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, will issue NT$13.9 billion (US$470 million) in unsecured bonds soon to help fund its plan to expand production capacity.

In a filing on the Taiwan Stock Exchange (TWSE) Friday, TSMC said the bonds will comprise three tranches — NT$5.7 billion payable over 5 years, NT$6.3 billion over 7 years, and NT$1.9 billion over 10 years.

The interest rates will be 0.58 percent on the five-year bonds, 0.65 percent on the seven-year ones, and 0.67 percent on the 10 year tranche, TSMC said.

Capital Securities will serve as the main underwriter in the bond sale, TSMC said, but did not disclose when exactly the bonds will be issued.    [FULL  STORY]

Acer launches product line for 2020

Daily News
Date: July 4, 2020

Acer CEO Jason Chen

Acer announced the launch of its new suite of premium notebooks, desktops, and monitors at the recently held Next@Acer virtual press conference from Taipei, Taiwan.

The newest lineup included devices for education and industrial uses as well as a range of devices for the gaming and creative sector. As one of the largest and top five PC vendors worldwide by shipments (per IDC and Gartner numbers, respectively), Acer already sells a range of “value” PCs – commodity systems that offer good specs for the price, thriving in the gaming and education markets, where performance and sturdiness matter.

The Acer lineup of consumer and business Chromebooks includes the new stylish Acer Chromebook Spin 713 (CP713-2W) and Acer Chromebook Enterprise Spin 713, featuring 10th Gen Intel Core commercial processors that deliver the latest in connectivity, productivity, performance and platform stability, designed to enable the superior productivity and performance that businesses need when working in the cloud. It brings together cutting-edge hardware, specs and design with the speed, security and simplicity that Chrome OS is known for.

The Acer Enduro is a new line of rugged notebooks and tablets specially designed to provide the durability, portability and performance needed by professionals working in the field.

First responders and industrial manufacturing workers will find the Acer Enduro N7 to be a reliable companion, while event producers and outdoor hobbyists will appreciate the thin-and-light yet durable Enduro N3.    [FULL  STORY]

Taiwan manufacturers to export mask-producing capability

N. America, Europe, SE Asia will be among beneficiaries of large-scale industrial effort

Taiwan News
Date: 2020/07/03
By: Sophia Yang, Taiwan News, Staff Writer

Mask production plant in Kaohsiung, Taiwan.  (CNA photo)

TAIPEI (Taiwan News) — As the Wuhan coronavirus (COVID-19) pandemic has slowed down in Taiwan, the government lifted the ban on surgical mask exports June 1, and today a group of Taiwanese manufacturers is teaming up to export their know-how and equipment with regard to the quick installation of production lines to churn out the item.

Over the course of the pandemic, Taiwanese mask makers ramped up their production from 1.8 million to 20 million per day. However, demand has now fallen to about 8 million masks a day.

A team comprised of the government-funded Industrial Technology Research Institute (ITRI), the Textile Industry Research Institute (TTRI), the Precision Machinery Research & Development Center (PMC), and a dozen manufacturers, such as packaging-machine makers, melt-blown nonwoven fabric machine makers, and earloop nonwoven mask-sealing machine makers will collaborate to help countries in North America, Europe, and Southeast Asia.

The team is set to officially announce the forthcoming service in late July.    [FULL  STORY]

Taiwan shares close up 0.88%

Focus Taiwan
Date: 07/03/2020
By: Christie Chen

Taipei, July 3 (CNA) Taiwan shares closed up 104.02 points, or 0.88 percent, at 11,909.16 Friday on turnover of NT$216.07 billion (US$7.33 billion).    [SOURCE]

Far EasTone to invest NT$30bn on 5G

MIGRATION: The telecom expects about half of its subscribers to switch to 5G services by 2023 and is looking to enterprise clients to drive revenue growth

Taipei Times
Date: Jul 04, 2020
By: Lisa Wang / Staff reporter

Far EasTone Telecommunications Co (遠傳電信) yesterday said it plans to spend up to NT$30 billion (US$1.01 billion) on 5G network deployment over the next three years as it expects half of its mobile subscribers to migrate to 5G services by 2023.

That implies about 3.54 million subscribers switching to 5G, based on the company’s 7.08 million subscribers as of the end of February.

To meet its goal of achieving a 50 percent penetration rate for 5G, “an investment of NT$20 billion to NT$30 billion is inevitable in the first three years,” Far EasTone president Chee Ching (井琪) told a media briefing in Taipei, as the company formally started its 5G services yesterday.

Models demonstrate the speed difference between a 5G handset, left, and a 4G phone, right, at a Far EasTone Telecommunications Co news conference in Taipei yesterday. The company started its 5G services yesterday.

Photo: Liao Chen-huei, Taipei Times

The investment does not include those allocated for private network deployment for enterprise clients, Ching said.    [FULL  STORY]

Sharp looks to move up PC unit Dynabook’s listing to 2020: CEO

Business became profitable within months of 2018 acquisition from Toshiba

Nikkei Asian Review
Date: July 3, 2020
By: Kensaku Ihara, Nikkei staff writer

Sharp acquired Dynabook from Toshiba in 2018. (Photo from Dynabook’s Twitter account)

TAIPEI — Sharp personal computer subsidiary Dynabook may go public within the year instead of 2021, Sharp Chairman and CEO Tai Jeng-wu indicated Thursday.

"We hope that the listing can happen by the end of this year," Tai told a news conference here after unveiling new products. He hails from Sharp's Taiwanese parent, Hon Hai Precision Industry, or Foxconn.

Sharp acquired Dynabook from Toshiba in 2018 for around 4 billion yen ($37 million at current rates) and has been implementing Foxconn-style cost-cutting and other reforms. The Tokyo-based unit generated a profit just three months after the purchase, Tai said, indicating that business is performing well.

While emphasizing that the market is "gradually recovering" from coronavirus damage, Tai was cautious on the outlook and hinted at uncertainty.    [FULL  STORY]

Google, TSMC dream companies for engineering students in Taiwan: Survey

Universum reveals lists of top employers for students from Taiwan's leading universities

Taiwan News
Date: 2020/07/02
By: Sophia Yang, Taiwan News, Staff Writer

TSMC. (CNA photo)

TAIPEI (Taiwan News) — A recent survey coinciding with graduation time shows that Taiwanese students majoring in engineering/IT view Google as the most attractive employer, followed by national crown jewel Taiwan Semiconductor Manufacturing Company (TSMC).

The survey of Taiwan's emerging talent pool, undertaken by employer branding firm Universum, collected the opinions of over 3,400 students from the nation's top universities.

Google has emerged as the most ideal employer for Taiwan's business, engineering/IT, and natural sciences students; local champion TSMC closely follows among engineering students. Among others named among the top 10 ideal employers for engineering/IT students are Apple, Microsoft, MediaTek, Industrial Technology Research Institute, EVA Air, LINE Corporation, Foxconn, and IBM.

Google retains the crown spot on the top ten list for business majors, followed by Apple, Taiwanese department store operator Eslite Spectrum Corporation, EVA Air, LINE Corporation, China Airlines, Swedish furniture retailer IKEA, Shopee, L'Oréal Group, and Microsoft.

Taiwan aims for NT$5 trillion in semiconductor output value by 2030

Focus Taiwan
Date: 07/02/2020
By: Ku Chuan and Evelyn Kao

A visitor to a 2019 semiconductor trade fair in Taipei looks at equipment on display. / CNA file photo

Taipei, July 2 (CNA) The Executive Yuan on Thursday approved a project aimed at increasing the annual production value of Taiwan's semiconductor industry to NT$5 trillion (US$169.76 billion) by 2030.

Premier Su Tseng-chang (蘇貞昌), who gave the nod to the Ministry of Economic Affairs (MOEA)-proposed project during a Cabinet meeting, said that the U.S.-China trade war and COVID-19 pandemic are triggering a major restructuring of global supply chains. As a result, more Taiwanese businesses abroad are considering moving high-end product manufacturing back to Taiwan.

The government is looking to take advantage of the opportunities this presents to accelerate the transformation of Taiwan's economy and upgrade domestic industries over the next four years, Su added.

The MOEA plan seeks to build Taiwan into a high-end manufacturing center in Asia by collaborating with industrial associations to introduce artificial intelligence (AI), 5G and smart technologies for businesses.    [FULL  STORY]

EVA turns to cargo to offset virus losses

CHANGE OF TACK: Revenue from EVA’s passenger business in the first five months of the year fell 54 percent, while its cargo sales increased by 57.9 percent, it said

Taipei Times
Date: Jul 03, 2020
By: Kao Shih-ching / Staff reporter

EVA Airways Corp (長榮航空) yesterday said that it aims to bolster its cargo capacity in expectation that revenues from its robust cargo business would offset losses from its passenger business due to COVID-19 travel restrictions.

The nation’s largest airline by fleet size in April began using passenger jets to carry cargo in the passenger cabins without transporting any people, in a bid to utilize its idle planes with many flights canceled due to the COVID-19 pandemic, it said.

EVA, with 77 passenger jets and only five Boeing 777 cargo aircraft, plans to use more passenger jets for cargo operations to take advantage of the rising freight rates and demand, EVA president Clay Sun (孫嘉明) told an investors’ conference.

It would take three approaches to enlarge its cargo capacity, including providing cargo-only flights using the holds of passenger jets, putting cargo goods on passenger seats by fastening them and even removing the seats to increase capacity, Sun said.    [FULL  STORY]

Virus Outbreak: Factory activity falls at a softer pace

RECOVERY? The non-manufacturing index rose to 54.4 last month, ending four months of decline, with service firms optimistic about prospects six months ahead

Taipei Times
Date: Jul 02, 2020
By: Crystal Hsu / Staff reporter

The downturn in Taiwan’s manufacturing industry eased last month while service-oriented firms saw a solid boost, fueling hope that the negative impact from the COVID-19 pandemic might have touched bottom, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.

The official purchasing managers’ index (PMI) came in at 47.2 last month, up 2.4 points from 44.8 one month earlier, indicating a milder contraction.

PMI scores of lower than 50 signify a decline, while those above the threshold indicate expansion. The latest data signified a third straight month of retreat.

“The pace of decline flattened in June, a positive development for manufacturers,” CIER president Chang Chuang-chang (張傳章) told a media briefing.    [FULL  STORY]