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May 28, 2017

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Hotai Motor's profits jump two-fold despite stagnant sales. How did they do it?
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Taiwan > Business
Sharp confirms plan to build flat panel plant in U.S.
Sharp Corp., a Japanese subsidiary of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海), confirmed Saturday that it is planning to set up a flat panel plant in the United States.
 
Hotai Motor's profits jump two-fold despite stagnant sales. How did they do it?
Over the past decade, Taiwan's yearly car sales have seen nearly zero growth. In an unfavorable environment, only one enterprise has posted a rise in profit, with growth that's about two-fold. This company isn't a high-tech firm with an arsenal of unique technology, and it's not a manufacturing firm with iron-willed management.
 
Exports of Taiwan-made machinery rose more than 10 percent in the first four months of 2017 from a year earlier, bolstered by strengthening global demand as the world economy continues to recover.
 
Taiwan's top statistics agency has raised its forecast for Taiwan's gross domestic product (GDP) growth this year to over 2 percent after the country's economy recorded stronger than expected growth in the first quarter.
 
Shares in Taiwan closed marginally lower Friday after moving in a narrow range throughout the session amid cautious sentiment ahead of the upcoming four-day Dragon Boat Festival holiday, dealers said.
 
TSMC plans trial production of advanced 5nm process in 2019
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip maker, is planning to start production of chips made using the sophisticated 5 nanometer process on a trial basis in 2019.
 
Shares in Taiwan moved higher for the fourth consecutive session to remain above the 10,000-point mark, led by electronics giants, dealers said.
 
Critical Care's NT$6 billion under siege
Last year, the government vowed to carve out NT$6 billion to support hospitals' debt-ridden critical care services. That promise has not yet materialized, and the funds have now been redistributed to all medical services -- to be shared by many. The medical community has since caught wind of this, and a heated debate has ensued.
 
Chunghwa Telecom teams up with DBS to build cutting-edge ERP cloud
Taiwan's Chunghwa Telecom is partnering with DBS Group Taiwan to create an enterprise resource planning (ERP) cloud to help small and medium-sized enterprises thrive by meeting their growing digital infrastructure needs.
 
Citibank helps bring Samsung Pay to Taiwan
Citibank is teaming up with Samsung to roll out the electronics giant's mobile payment technology across Taiwan. Until the end of July, consumers making purchases via Samsung Pay will be able to enjoy rebates as high as NT$1,200, according to a Citibank press release.
 
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