Taipei, May 18 (CNA) U.S.-based electric vehicle brand Tesla Inc. will set up a presence in the Baogao Science and Intellectual Park in New Taipei after winning a bid for space in the park, according to the city's Economic Development Department.
Hon Hai Precision Industry Co’s (鴻海精密) decision to reduce its stake in Fitipower Integrated Technology Inc (天鈺科技) by selling 9.09 million shares yesterday sparked a plunge in the integrated circuit designer’s stock.
Fitipower shares dropped 7.87 percent to NT$216.5 in Taipei trading, the lowest since Dec. 8 last year. They have declined 23.23 percent so far this year amid net selling by domestic proprietary traders and investment trust firms.
Hon Hai shares ended yesterday flat at NT$104.5. They have edged up 0.48 percent since the beginning of this year.
The deal has attracted market attention at a time when Hon Hai is extending
Hon Hai to set up semiconductor design center in Taiwan's biggest city focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
Hon Hai plans EV chip center in Sindian taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.