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Hon Hai sets up EV cybersecurity alliance By Angelica Oung / Staff reporter Hon Hai Precision Industry Co (鴻海精密) yesterday announced the establishment of an industry group dedicated to cybersecurity for electric vehicles (EVs). The E-Vehicle Cybersecurity Alliance, which was launched at a forum in Taipei by the Hon Hai Research Institute and the Chinese Cryptology and Information Security Association, would ensure that EVs are safe from hackers, Hon Hai chairman Young Liu (劉揚偉) said. Taiwan’s business sector, research institutes and the government should work together to fac...

Taiwan Technical Textiles Association chairman Alex Lo, right, in Taipei yesterday holds a pair of shoes made of pineapple leaf fibers. Recycling pineapple leaves and using fibers from the plant to make yarn or cloth to use in products such as shoes or bags is a new business model in the circular economy, which the government is vigorously promoting, Lo said.

Lite-On, Delta Electronics report annual growth in consolidated sales last month By Angelica Oung / Staff reporter Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday reported consolidated revenue of NT$14.08 billion (US$496.12 million) for last month, up 4.74 percent month-on-month and 24.42 percent year-on-year. The company said in a statement that the revenue increase reflected “stable demand” among clients for its core information technology (IT) business, while other business segments, such as optoelectronics, also showed positive growth. Lite-On said t...

Pan Jit board confirms offer for Alltop By Chen Cheng-hui / Staff reporter Diode maker Pan Jit International Inc’s (強茂) board of directors approved a tender offer for up to 20 percent of the common shares of connector supplier Alltop Technology Co Ltd (凡甲科技), Pan Jit said on Friday last week. The company said it would offer NT$105 per share on the open market from tomorrow to Feb. 25, to expand its product portfolio and create business synergy. The offer represented a premium of 11.1 percent compared with Alltop’s closing price of NT$94.5 in Taipei trading on Friday, when Pa...