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Court approves fraction of compensation sought by Largan from rival


Court approves fraction of compensation sought by Largan from rival
01/26/2021 08:58 PM
CNA file photo
Taipei, Jan. 26 (CNA) A district court in Taichung has ruled that a rival of smartphone camera lens maker Largan Precision Co. must pay only a small fraction of the compensation sought by the Taiwanese Apple Inc. supplier in an intellectual property dispute.
In a statement released Monday, Ability Opto-Electronics Co. said Taichung District Court ordered it to pay only NT$600,000 (US$21,127) in compensation to Largan against its request for NT$14 billion in a criminal lawsuit, in which Largan also sought compensation.
In 2012 and 2013, Largan filed both criminal and civil lawsuits against Ability Opto-Electronics, accusing the company of infringing its intellectual property rights. ....

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No major financial impact from plant damage, says Wistron


No major financial impact from plant damage, says Wistron
No major financial impact from plant damage, says Wistron
Wistron Corp has said the Kolar plant in Karnataka which saw violence this month was a new facility with limited production and so there will be a limited financial impact.
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UPDATED: December 21, 2020 09:26 IST
Over 150 people have been arrested in connection with the violence and vandalism at the iPhone manufacturing unit in Kolar, Karnataka. (Photo: Reuters)
Taiwanese Apple Inc supplier Wistron Corp has said the Kolar plant in Karnataka which saw violence this month was a new facility with limited production and so there will be a limited financial impact ....

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Wistron sees no major financial impact from India plant damage


(File photo)
TAIPEI: An Indian factory damaged by violence this month was a new facility with limited production and so there will be limited financial impact, Taiwanese Apple Inc supplier Wistron Corp, which runs the plant, said late on Sunday.
Apple has placed Wistron on probation, saying on Saturday it would not award the Taiwanese contract manufacturer new business until it addressed the way workers were treated at its Karnataka plant.
Contract workers angry over unpaid wages destroyed property, gear and iPhones on December 12, causing millions of dollars in losses to Wistron and forcing it to shut the plant.
In a statement to the Taiwan Stock Exchange, Wistron said its consistent policy was not to comment on its business relations with customers. ....

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