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January, 16, 2017

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Taiwan > Business
TSMC dismisses  reports of factory  output troubles
Taiwan Semiconductor Manufacturing Co. (TSMC) on Monday rebutted reports that its foundry was experiencing initial low-yield problems with the firm's new 10-nanometer chip that could delay schedules for the new iPad Pro.
 
Line Corp. seeks developer talent in Taiwan
Mobile messaging giant Line Corp. held its first Line Taiwan TechPulse -- an annual gathering of software developers -- in Taipei on Monday, unveiling new offerings for third-party developers to expand the utility of its platform.
 
Uber woos public with carnival
Uber threw a carnival at Taipei City's Songshan Cultural Park on Monday to rally support for the company as it faces continued government demands to cease operations.
 
Appro Photoelectron Inc. will start trading over-the-counter by Jan. 24 at the latest, according to Appro's Chairman Evan Chen (陳義文).
 
Cathay Financial Holding Co., one of Taiwan's leading financial services providers, said Monday that it has raised its forecast for Taiwan's gross domestic product (GDP) in 2017, largely in reflection of a rebound in the country's exports.
 
Taiwan's shipments of information and communications technology (ICT) and audio-video products to the U.S. grew US$260 million or 3.7 percent year-on-year to reach US$7.39 billion in the first 11 months of the year, according to the Ministry of Economic Affairs (MOEA).
 
The newly unveiled TIP Low Volatility Select 30 Index (the TIP LV 30 index) is expected to serve as an ideal investment tool that will help investors generate stable returns, according to index provider Taiwan Index Plus Corp. (TIP, 台灣指數公司).
 
Shares in Taiwan staged a mild technical rebound Monday, but turnover continued to fall to less than NT$40 billion (US$1.24 billion), as many foreign institutional investors remained away from the trading floor due to the holiday season, dealers said.
 
Capital Bus Co. and Kamalan Bus Inc. have announced an increase in fares beginning Jan. 1 for routes connecting Taipei to Yilan, citing hikes in costs resulting from newly implemented revisions to the labor law.
 
'Asian Silicon Valley' operations base opens
Vice President Chen Chien-jen (陳建仁) inaugurated Sunday the base for the implementation of the government's ambitious "Asian Silicon Valley" plan, which is designed to improve Taiwan's overall economic structure.
 
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