Taiwanese microchip makers say they ll try to prioritize automakers Autoblog 1/27/2021 Reuters
TAIPEI Major Taiwanese chipmakers are willing to prioritize supplies for automakers amid a global shortage of chips for the industry, the island s economics minister said after meeting with company executives.
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Automakers around the world are stopping their assembly lines due to the shortages, which in some cases have been exacerbated by the former U.S. administration s actions against Chinese chip factories. Chipmakers are willing to follow the government s request and try to support auto chips as much as they can to support production in the U.S., Europe and Japan, Economics Minister Wang Mei-hua told reporters.
UMC profit surges on robust semiconductor demand
By Lisa Wang / Staff reporter
United Microelectronics Corp (UMC, 聯電), the world’s third-largest contract chipmaker, saw its net profit grow almost 3-folds last quarter, thanks to robust chip demand for consumer electronics and computing-related applications.
Net profit surged to NT$11.2 billion (US$394.64 million) during the final quarter last year, compared with NT$3.84 billion in the same period of 2019. On a quarterly basis, net profit jumped 171 percent from NT$9.11 billion, UMC said yesterday.
For the full year of last year, net profit expanded 200 percent to NT$29.19 billion, from NT$9.71 billion. That translated into earnings per share of NT$2.42 last year, up from NT$0.82 in 2019.
UMC raises basic salaries for employees by 2.5-6%
01/26/2021 10:19 PM
CNA file photo
Taipei, Jan. 26 (CNA) United Microelectronics Corp. (UMC), the second-largest contract chipmaker in Taiwan, said on Tuesday that it is raising its basic salaries to improve the firm s wage structure.
Starting from January, UMC said basic salaries will be boosted by between 2.5 percent and 6 percent, which is aimed at providing more attractive compensation to employees, a move expected to help the company recruit newcomers at a time of production expansion.
To meet the needs of production expansion in its wafer foundry located in the Southern Taiwan Science Park, UMC said, the company is planning to hire 1,000 new staff this year.
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Taiwan shares end lower after giving up earlier gains
01/20/2021 05:23 PM
CNA photo Jan. 20, 2021
Taipei, Jan. 20 (CNA) Shares in Taiwan closed lower in a volatile session Wednesday, after investors shifted to the sell side to lock in earlier gains amid concerns over the attitude of foreign institutional investors who have increased short position futures contracts in recent sessions, dealers said.
Market sentiment has also been impacted by an increase in domestic COVID-19 cases related to a hospital in Taoyuan, northern Taiwan, with many investors fearing an escalation of the disease could hamper economic activity, dealers added.
However, while many large cap stocks across the board came under downward pressure, contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock on the local market, remained resilient, preventing the broader market from falling further, dealers said.