Wednesday, September 2, 2015
Morgan Stanley on Tuesday slashed its forecasts for Taiwan's economic growth this year and next year due to worsening exports and a slowdown in domestic consumption.
Trade association Semiconductor Equipment and Materials International (SEMI) forecast Tuesday that the worldwide semiconductor equipment market will grow 3 percent to US$38.44 billion this year, a downward revision from a mid-July projection of 7.1 percent.
The Ministry of Labor (MOL, 勞動部) yesterday forecast that job market growth will hit a seven-year low in the fourth quarter.
Taiwan's Advanced Semiconductor Engineering Inc. (ASE, 日月光), the world's biggest chip packager and tester, said on Tuesday its "good intentions" to buy up to 25 percent of its rival Siliconware Precision Industries Co. (SPIL, 矽品) were still in place.
Shares in Taiwan took a plunge Tuesday amid lingering concerns over the global economy, in particular after manufacturing activity in mainland China, the second-largest economy in the world, continued to weaken, dealers said.
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is expected to invest in Greendust, an Indian 3C and home appliance online retailer, according to the Economic Times of the South Asian country.
The upcoming annual SEMICON Taiwan exhibition on Sept. 2 to 4 will feature the largest-ever semiconductor delegation from the Netherlands in Taiwan, according to the Netherlands Trade and Investment Office (NTIO) in Taiwan.
Shares of Advanced Semiconductor Engineering Inc. (ASE, 日月光), the world's largest integrated circuit packaging and testing services provider, tumbled Tuesday amid uncertainty over ASE's bid to acquire an up to 25 percent stake in rival Siliconware Precision Industries Co. (矽品), dealers said.
The value of properties introduced by developers into the market totals NT$4.7 billion so far in Ghost Month, the lowest in 10 years, HouseFun News (好房網) reported.
Tuesday, September 1, 2015
Largan Precision Co.'s (大立光) revenues grew 44 percent in the first half of 2015, while revenues for the rest of Taiwan's precision optics industry shrank 7 percent during the same period, an industry group said.