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Friday, May 29, 2015
Taiwan Semiconductor Manufacturing Co. (TSMC,台積電), the world's largest contract chip-maker, said Thursday that the company is expected to boost its production capacity by 11 percent in 2015 in an effort to strengthen its global competitive edge.
Shares of Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, briefly hit a recent intraday high Thursday morning amid optimism toward its fundamentals, with the peak season for the high tech sector approaching in the second half of this year, dealers said.
Altek Corp. (華晶科), Taiwan's largest digital camera contract maker, unveiled a new mini wireless camera Thursday that enables live broadcasting, aimed at social media users who love to check in their locations or share photos on Facebook.
Vietnamese budget airline VietJet launched a promotional campaign Thursday, offering 50,000 tickets for travel to Vietnam at discounted rates or free of cost.
In an attempt to bridge the education gap between cities and rural areas, Capital Securities Corp. (群益) has launched an education and welfare campaign, donating books and offering lessons in remote elementary schools.
The Ministry of Economics Affairs (MOEA, 經濟部) said it's raising the renewable energies installation target for 2030 to 17,250 megawatts (MW), in order to cope with the declining electricity reserve margin.
Legislators recommended adjustments to the Estate and Gift Tax Act (遺產及贈與稅法) yesterday as a means of addressing the gap between rich and poor. Lawmakers called for an adjustment to the current tax rate of 10 percent to 30 percent, while Finance Minister Chang Sheng-ford (張盛和) said that the government could evaluate an adjustment in rates within a half year.
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Shares in Taiwan closed above the 9,700-point mark Thursday as buying rotated to the bellwether electronics sector, focusing on select large-cap high-tech stocks amid optimism toward their fundamentals, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.076 to close at NT$30.801 after the local central bank's aggressive intervention to vault the U.S. currency back to a level above the previous close, dealers said.
China is relying on Taiwan to help supply flat panel displays (FPDs) this year as Chinese manufacturers can meet only about 50 percent of domestic demand, a Chinese industry leader said Thursday in Taipei.
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