Business and Finance

Hiwin to produce robotics with 3D vision next year

Taipei Times
Date: Aug 31, 2016
By: Kuo Chia-erh / Staff reporter

Hiwin Technologies Corp (上銀), one of the nation’s leading machinery makers, yesterday said it will start mass production of its new automated robotics with 3D vision next year.

The new robotics will be outfitted with 3D depth sensors developed by local chip designer Etron Technology Inc (鈺創), Hiwin chairman Eric Chuo (卓永財) told reporters at a news conference in Taipei yesterday.

Hiwin already uses Etron’s 2D sensors in its industrial robotics.
Chuo said he expects strong demand in the near future for “smart” machinery tools and 3D sensors, which are the key components for upgrading machinery to Industry 4.0.

He was speaking at a news conference held by the nation’s four major machinery and semiconductor industry associations after they signed a memorandum of understanding to jointly develop “smart” machinery.     [FULL STORY]

Bai Chi Gan Tou calls off acquisition of XPEC

The China Post
Date: August 31, 2016
By: The China Post news staff

TAIPEI, Taiwan — Taipei-based game developer XPEC Entertainment Inc. (樂陞科技) is considering taking legal action against Japan-controlled Bai Chi Gan Tou Digital Entertainment Co (百尺竿頭數位娛樂), after the latter made a last-minute announcement to withdraw from an agreement to purchase a controlling stake.

According to a statement posted online by Bai Chi Gan Tou, the company would not be able to deliver required payments to XPEC by Wednesday, the deadline for purchase under an agreement made between the two developers.

The Japanese company has authorized CTBC Bank to return shares to tenderers, the statement read.

Bai Chi Gan Tou said XPEC Entertainment had allowed its stock price to fluctuate dramatically, and rumors over the company’s future saw a dive in stock prices.     [FULL STORY]

Lemtech to build Czech Republic plant

HEAVY METAL:Construction of the facility, which the firm sees as an entry point to the European market, is to start in the fourth quarter, with production set for late next year

Taipei Times
Date: Aug 30, 2016
By: Kuo Chia-erh / Staff reporter

Lemtech Holdings Co, Ltd (聯德控股) is to build a new plant in the Czech Republic, a company official told an investors’ conference in Taipei yesterday.

The New Taipei City-based metal stamping components and precision press tool supplier operates plants in Kunshan, China, Thailand and the US, producing the metal parts used in many industries including computer, telecommunication, consumer electronics and automotive components.

“Although the [Czech] factory might not benefit Lemtech’s sales significantly in the beginning, we see it as a milestone for our entry into Europe’s automobile and electronic parts business,” Lemtech spokesman Zac Lu (盧晉佑) said.

The company expects the Czech plant to break even in 2018, he said.     [FULL  STORY]

Ex-finance chief summoned in Mega Bank probe

The China Post
Date: August 30, 2016
By: Christine Chou

TAIPEI, Taiwan — The Taipei District Prosecutors Office summoned former Ministry of Finance (MOF,

Former Minister of Finance Chang Sheng-ford (張盛和) waves to the media after leaving the Taipei District Prosecutors Office, where he testified as part of an investigation into Mega Bank money laundering allegations, on Monday, Aug. 29. (CNA)

Former Minister of Finance Chang Sheng-ford (張盛和) waves to the media after leaving the Taipei District Prosecutors Office, where he testified as part of an investigation into Mega Bank money laundering allegations, on Monday, Aug. 29. (CNA)

財政部) head Chang Sheng-ford (張盛和) for questioning, Monday.

Chang was brought in as a witness in the money laundering case at scandal-hit Mega International Commercial Bank (兆豐銀行).

As Chang exited the prosecutor’s office Monday afternoon, he told local media that he had not been aware of the bank’s violations of U.S. anti-money laundering laws.

In response to questions about Chang’s heavily scrutinized Aug. 22 dinner with former Mega Bank chairman Mckinney Tsai (蔡友才), Chang said the dinner was scheduled long before the scandal broke out,

According to local reports, Tsai had met with Chang and two accountants at a seafood restaurant in Taipei last Monday, Aug. 22.

The meeting triggered suspicion that the two may have colluded over testimony prior to speaking with prosecutors.     [FULL  STORY]

Taiwan consumer confidence drops again in August

Taiwan News
Date: 2016-08-29
By: Wendy Lee, Taiwan News, Staff Writer

Taiwan’s consumer confidence index (CCI) has dipped 0.62 points to 79.56 points in August, according to the latest National Central University (NCU) consumer survey.

Consumer sentiment among Taiwanese continues its downward spiral, as the latest survey shows a downward trend in all six indicators featuring in the survey, including one’s perception of consumer prices, family finances, job prospects, future economic climate, local stock market, and durable goods purchase, according to media reports.

Among all six indicators, stock market sentiment has declined the most, down by 2.3 points from 73.1 points last month to 70.80 points in August.     [FULL  STORY]

Taiwan 8th largest investor in ASEAN in 2015

Focus Taiwan
Date: 2016/08/29
By: Huang Chiao-wen and S.C. Chang

Taipei, Aug. 29 (CNA) Taiwan invested US$2.6 billion in Association of 201608290027t0001Southeast Asian Nations (ASEAN) member countries last year, the eighth most of any foreign country, according to Ministry of Economic Affairs figures.

Taiwan lagged notably behind China, which invested US$8.2 billion to rank as the fourth biggest source of foreign direct investment (FDI) in ASEAN, and fifth-placed South Korea, which invested US$5.7 billion in the region.

The European Community topped the list of ASEAN’s FDI sources, injecting US$19.7 billion into the region in 2015, followed by the United States (US$17.4 billion) and Japan (US$12.2 billion)     [FULL  STORY]

Eva Air voted among world’s ‘most-loved’ airlines

Taiwan News
Date: 2016-08-28
By: Wendy Lee, Taiwan News, Staff Writer

International air travel review organization Skytrax unveiled the latest survey of the “Most Loved 6772841 (1)Airlines,” with Garuda Indonesia topping the chart and Taiwan’s Eva Air snatching third place as the world’s most loved airlines.

The survey was based on overall customer reviews featuring over 420 airlines worldwide. Customers rate their flights across eight categories, including seat comfort, onboard services, food and beverages, inflight entertainment, onboard wifi, airport services and value for money, according to the company website.

Garuda Indonesia scored a high 85 percent on customer satisfaction, followed by South Korea’s Asiana Airlines and Taiwan’s EVA Air, with satisfaction scores of 83 percent and 81 percent respectively.     [FULL  STORY]

Domestic fuel prices to rise slightly next week

Focus Taiwan
Date: 2016/08/28
By: Chiu Po-sheng and Evelyn Kao

Taipei, Aug. 28 (CNA) State-run fuel supplier CPC Corp., Taiwan (中油) announced Sunday that it will 201608280012t0001raise gasoline and diesel prices by NT$0.1 (US$0.003) for the coming week to reflect a slight rise in international crude oil prices.

With the hike, prices at the pump after midnight will stand at NT$23.4 per liter for 92 octane unleaded, NT$24.9 per liter for 95 unleaded, NT$26.9 per liter for 98 unleaded, and NT$20.9 per liter for super diesel.

The state-run oil company calculates its weekly fuel prices based on a weighted oil price formula that comprises 70 percent Dubai crude and 30 percent Brent crude.

Based on that weekly floating price formula, the price per barrel of crude oil was US$46.85 as of Aug. 26, up from US$46.82 the previous week, following the latest increase in international crude prices, the CPC website shows.     [FULL  STORY]

Machine exporters told to ‘look south’

SEEKING SALES DRIVERS:Analyst Wang Chung-ching said Taiwanese manufacturers need to look to emerging markets and find niches where they can best compete

Taipei Times
Date: Aug 29, 2016
By: Kuo Chia-erh / Staff reporter

The nation’s electrical engineering and machinery industry could consider Southeast Asia as a market for new demand, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said last week.

Given the region’s stable economic growth, demand from Southeast Asian countries would be more favorable in the long term, TIER senior analyst Wang Chung-ching (王忠慶) told a seminar organized by Taiwan Stock Exchange Corp (台灣證券交易所) on Wednesday.

As demand in Taiwan is unlikely to increase significantly in the near future, manufacturers need to seek new sales drivers in emerging markets while the government could help manufacturers find new buyers via existing channel networks, as many Taiwanese companies have operated in Southeast Asia for years, Wang said.

Taiwan’s exports of machinery equipment dropped 6.9 percent to US$19.4 billion last year from a year earlier, the fourth consecutive year of decline, data compiled by the Taiwan Association of Machinery Industry (TAMI, 台灣機械工業同業公會) showed.     [FULL  STORY]

TSMC expected to retain No. 1 chip-maker position

The China Post
Date: August 29, 2016
By: CNA

TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world’s largest contract chip-maker, is expected to take a 58 percent share of the global pure-play wafer foundry operating market in 2016, and retain the world’s No. 1 title, according to market information advisory firm IC Insights.

In a research note, IC Insights said that TSMC is expected to post US$28.57 billion in sales for 2016, up 8 percent from a year earlier. Despite the sales growth, TSMC’s market share for 2016 is likely to fall one percentage point from a year earlier, IC Insights added.

GlobalFoundries Inc. of the United States is expected to come in second by generating US$5.65 billion in sales in 2016, up 12 percent from a year earlier, to take an 11 percent share in the world market, lagging far behind TSMC, according to IC Insights.

United Microelectronics Corp. (UMC, 聯電), another contract chip-maker from Taiwan, is expected to grab a 9 percent stake in the world pure-play wafer foundry market in 2016 to take the third spot in the rankings by posting US$4.49 billion in revenue, up 1 percent from a year earlier, IC Insights added.     [FULL  STORY]