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Thursday, August 27, 2015
A 6th-generation small screen joint venture between flat panel supplier Innolux Corp. (群創) and Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, will begin mass production in the first quarter of next year.
The Financial Supervisory Commission (FSC, 金管會) said Tuesday that it has approved CTBC Bank's (中國信託) application to buy a 100-percent stake in China CITIC Bank International (China) Ltd. (中信銀行國際中國) for NT$11.67 billion.
Inventec Corp. (英業達), a major Taiwanese supplier of Chinese phone brand Xiaomi Inc., is thinking of setting up an intelligent manufacturing plant in Indonesia or the Philippines next year as part of its global expansion.
Messaging app operator Line Corp. released on Wednesday an initial list of Taiwanese stores at which Line Pay can be used, extending the company's mobile payment service to one of its top markets.
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip maker, has decided to close its loss-incurring solar energy division at the end of August, saying that its solar operations are "no longer economically sustainable."
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.114 to close at NT$32.765 as foreign investors continued moving funds into the region amid reduced chances of an interest rate hike in the United States in September, dealers said.
 > Taiwan
DBS Bank announces plans aiming to improve online financial services
Singapore-based DBS Bank (星展銀行) on Monday announced plans to improve its online offerings, including updates to the company's mobile banking app and promoting a series of digital customer services.
Shares in Taiwan closed higher Wednesday as the financial sector continued its momentum from the previous day, helping the broader market to rise for the second consecutive session, dealers said.
 > Taiwan
Cima NanoTech Inc., a U.S.-based developer of transparent conductive film solutions, announced that it has entered into a joint venture with Foxconn Technology Group (富士康) to deliver components for large format touch screens.
A Chinese office of the Taiwan External Trade Development Council (TAITRA), Taiwan's main trade promotion body, signed an agreement Tuesday with the China's Sichuan Bureau of Expo Affairs to strengthen cooperation in the convention and exhibition sector.
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