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HTC considers dividends, buybacks next year
HTC Chairwoman Cher Wang announced at the shareholders meeting that despite profits, HTC is in early expansion stages, requiring investment. Plans for dividends and share buybacks may be revisited next year. The company sees AI and Google’s funding as transformative opportunities.
2025/06/20 17:00
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ASUS reports record profits as it explores humanoid AI
ASUS Chairman Jonney Shih announced advancements in AGI, making humanoid robots more feasible. ASUS eyes collaboration with NVIDIA in Taiwan. Revenue rose 22% in 2024.
2025/05/28 22:00
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Strong New Taiwan dollar challenges machinery profits
Taiwan’s machinery exports rose 7.7% in April, reaching US$2.422 billion, despite challenges from a strong New Taiwan dollar. The U.S. remains the top market.
2025/05/09 23:00
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TSMC Q1 profits surge 60% as AI chip demand accelerates
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 60% jump in first-quarter profits to NT$361.6 billion (US$11.17 billion) as AI chip demand soars. Despite stock declines amid US trade tensions, CEO C.C. Wei announced plans for 11 new manufacturing facilities in Taiwan and confirmed 2nm chip production will begin in late 2025.
2025/04/17 20:14
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Nvidia CEO to attend Wistron’s year-end celebration
Nvidia CEO Jensen Huang will attend Wistron’s year-end event, highlighting Taiwan’s supply chain role. Wistron reports strong profits and AI market growth.
2025/01/17 17:16
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TSMC sees fluctuations in stock price Friday
Taiwan’s stock market showed volatility on Dec. 6, with the index fluctuating but closing with a modest gain. Analysts predict strong profit growth, signaling potential market stability.
2024/12/06 10:29
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Quanta chairman optimistic post-Trump inauguration
Quanta Chairman Barry Lam expresses optimism about economic growth post-Trump inauguration, highlighting AI advancements. Quanta sees record profits and plans expansion.
2024/11/15 13:55
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Louisa Coffee optimistic despite financial fluctuations
Louisa Coffee reports an unrealized loss over NT$40 million but remains optimistic due to potential gains from a drop in coffee futures. The company uses futures hedging and spot purchases to stabilize its financial outlook amid market fluctuations.
2024/10/08 10:29
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Koo Jr. returns to lead CTBC as profits soar, stock climbs
Jeffrey Koo Jr. returns to CTBC Financial after a 17-year hiatus as the company posts strong profits, signaling a pivotal moment for Taiwan’s financial sector.
2024/09/20 14:28
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Ferrari’s sales soar in Taiwan amid chip boom
Ferrari’s sales in Taiwan have surged in recent years, driven by the chip boom and global supply chain shifts. The luxury carmaker’s profits hit a record high, with Taiwan outpacing mainland China and Hong Kong in supercar sales growth. Despite Europe and the US being primary markets, Taiwan saw a significant rise in Ferrari sales, capturing 40% of the local two-door supercar market.
2024/03/25 15:10
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Foxconn predicts triple-digit growth in GPU module business
Foxconn’s Chairman Liu Young-way announces significant growth for the company due to increased generative Artificial Intelligence (AI) applications. Foxconn’s leading position in the AI server market is highlighted, with plans for growth in GPU module and AI server businesses. The company’s cloud network products are experiencing strong growth, with a focus on electric vehicles as well. Liu’s trip to the U.S. for the Nvidia GTC conference aims to showcase Foxconn’s new collaboration model. Shared prosperity and dedication to profits are emphasized in the company’s philosophy.
2024/03/15 15:39
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Taiwan left with 2 consecutive holidays post Lunar New Year
Discover Taiwan’s holiday outlook for 2024! With only two sets of consecutive holidays remaining, find out how this reduction impacts domestic travel and accommodation. Learn how travel providers can capitalize on the upcoming breaks to attract visitors and boost profits.
2024/02/16 16:26
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EVA Air pilots secure right to strike
Pilots for Taiwan’s EVA Air, supported by the Pilots Union Taoyuan (TUP), have voted in favor of striking due to ongoing disputes over pay raises. The TUP reported that out of the 910 participating pilots, an overwhelming 900 approved the strike action, with only 10 voting against it. The pilots are demanding a 20% salary adjustment, citing two main grievances – the hiring of foreign pilots amidst a staffing shortage and what they perceive as inadequate salaries and year-end bonuses, especially considering the airline industry’s substantial profits during the pandemic. EVA Air employs a total of 1,400 pilots, with 650 being TUP members. If all union member pilots choose to strike, it could result in half of the passenger and cargo flights being unable to operate during the Lunar New Year holiday. In contrast to the 2019 pilot strike at China Airlines, the TUP has stated that it will announce any confirmed strikes for 2024 at least 24 hours in advance to provide passengers with sufficient time to make necessary preparations.
2024/01/22 12:14
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Q Burger announces up to 23.4% salary hike in 2024
Q Burger, a restaurant chain in Taipei, is making waves with its generous end-of-year bonus of up to 27.8 months for staff. In addition, the company plans to increase salaries by 23.4% in 2024, aiming to break away from the low-paying norms of the industry. Newly hired employees can expect a high basic salary of up to NT$35,000, while reserve executives start at NT$37,000. To address regional differences in living costs, Q Burger is also offering a substantial regional subsidy, with store employees in Taipei receiving an extra NT$4,000 per month. In a unique move to motivate employees, the company has introduced the "Dream Reward Plan," which grants 20% of net profits to store chiefs. Q Burger’s success is evident, with its expansion to 340 stores across Taiwan and over one million app members in 2023.
2023/12/27 14:50
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Taiwan Taxi defends charges amid unlawful profits claims
Taiwan Taxi Company has clarified that all fees charged to its drivers comply with regulations and have been reported to the responsible authorities. The company defended itself against recent allegations of unlawfully collecting excessive profits from drivers. It stated that all charges are transparent and published on its website. Among the controversial charges are fees for corporate invoices, Easycard processing, and duties. Accusers also claimed that drivers are required to install televisions in their passenger seats to play advertisements, including those featuring actress Ruby Lin, on behalf of Thermage FLX, without receiving compensation. Taiwan Taxi stated that it is undergoing a digital transformation and developing new platforms, with the vehicles’ media players serving functions beyond playing advertisements. The company reassured its drivers that the digital transformation would not increase management costs for them, emphasizing that their monthly charge has not been raised in nearly 20 years.
2023/12/27 13:19
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71% of Taiwan workers anticipate year-end bonus
According to a recent survey by Yes123 job bank, 71% of Taiwanese workers expect to receive a year-end bonus, with 21.1% predicting a larger payout compared to last year. Dissatisfaction with bonus amounts could lead 64.2% of office workers to consider resigning. However, 70.9% of employees anticipate receiving their 2023 bonus before the 2024 Lunar New Year holiday, which is a five-year high. Reasons for not expecting a bonus include company profit declines (15.8%), non-full-time employment status (5.2%), insufficient tenure (4.7%), and personal performance (3.4%). Among those expecting a bonus, 18.6% believe they will receive less than last year, while 60.3% expect a similar amount. The main intended uses for the bonuses are savings (45.5%), honoring parents (43.2%), loan payments (40.5%), handing out red envelopes (39.3%), and investing (31.4%). Workers believe that the ideal distribution of bonuses should be proportionate to personal performance (41.9%), equitable for all employees (32.6%), or tied to company profit (25.5%). Factors that could impact the size of year-end bonuses include company profits (69.2%), personal performance (52.3%), moods of bosses or major shareholders (51.4%), years of service (50.4%), job rank (26.7%), and relationships with bosses or supervisors (25.5%).
2023/12/20 15:25
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EVA profits soar as pilot wages lag, union plans strike
The Taoyuan Union of Pilots (TUP) has revealed that EVA Airways pilots have experienced a more than 10% decrease in real wages since 2011, resulting in a nearly 10% loss of the national pilot workforce. TUP accuses EVA of collaborating with illegal brokers to recruit foreign pilots, potentially jeopardizing flight safety. EVA pilots have unanimously passed a resolution to proceed with a strike vote, with details to be announced soon. Despite EVA’s record-high pre-tax profit, pilot wages have been frozen since 2011. Last year, pilot salaries were marginally adjusted, failing to keep up with the rising Consumer Price Index, resulting in a real wage decrease of 10% to 12%. The per diem for pilots, unchanged for 30 years, saw a minimal increase last year. Over a hundred national pilots, mostly experienced, have left EVA in the past year. The union criticizes EVA for cost-cutting measures that have led to staff resignations and safety incidents. They are urging the Ministry of Transportation and Communications to intervene and are planning a potential legal strike.
2023/12/12 13:36
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Jaw Shaw-kong urges cross-strait tourism, criticizes DPP
Kuomintang vice-presidential candidate Jaw Shaw-kong emphasizes the importance of cross-strait tourism to help mainland Chinese understand Taiwan, while criticizing the Democratic Progressive Party’s approach towards China.
2023/11/29 21:23
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Profit surges in select industries despite downturns
This news story covers the comprehensive submission of third-quarter financial reports by TWSE-listed companies, with Mutto Optronics Corporation being the only exception. It highlights significant revenue changes in various sectors, including the automotive, financial, and semiconductor industries.
2023/11/22 20:42
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Salary hikes and bonuses expected at First Commercial Bank
First Commercial Bank announces a net income of NTD$192 billion for the first ten months of 2023, close to its total 2022 profits, and plans generous employee bonuses and pay raises. Bank Sinopac also reveals plans for significant salary increases and food subsidies.
2023/11/13 20:24
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Rising ridership, but falling profits for Taiwan’s MRTs
Taiwan’s MRT systems are facing financial challenges despite increasing ridership. Keelung City Councilor Cheng Wen-ting discusses the importance of comprehensive assessment before investment. Experts highlight the difficulties of public transportation turning a profit.
2023/09/21 17:29
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EVA Air union demands fair wages as company profits soar
EVA Air union members stage a rainy protest over withheld bonuses despite the company’s record profits. Entry-level employees highlight disparities with other airlines’ pay raises. Learn more about the demand for fair wages.
2023/08/16 17:55
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E-commerce boom: Taiwan adapts for mobile users
E-commerce platforms in Taiwan are enhancing services for smartphone users, capitalizing on the rise of mobile shopping and social commerce trends. Discover how businesses benefit from accessible apps and social media ads, driving a shift in consumer behavior and boosting profits.
2023/08/14 11:17
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Demand for Korean-style photo booths sparks business boom
Korean-style photo booths have surged in popularity with their increasing presence in Taiwan.
2023/03/26 22:45
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Eyewear shops rake in profits as myopia becomes prevalent
At a compound eyewear store in Taipei, a barista adds the finishing touches to your latte while you browse through the extensive collection of eyewear at the counter.
2023/02/18 18:25