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  • iPhone supplier Japan Display to take $1.5bn charge in reform push

    TOKYO -- iPhone supplier Japan Display will take 170 billion yen ($1.5 billion) in special charges for the current fiscal year through March, as part of a sweeping move to restructure its loss-making liquid crystal display operations, the company an

    August 9, 2017 08:25 pm JST
  • China's SMIC cuts sales target, shares plunge 10.3%

    TAIPEI -- Semiconductor Manufacturing International Co. on Wednesday slashed its revenue growth target for 2017 and forecast a softer-than-expected third quarter due to intense competition for fingerprint chips amid sluggish demand for domestic smar

    August 9, 2017 06:44 pm JST
  • Uni-President China shares spike 14% despite dip in revenue, profit

    HONG KONG -- Uni-President China Holdings, the mainland Chinese unit of Taiwanese food and beverage conglomerate Uni-President Enterprises, saw its share price spike up over 14% to reach a new year high during the morning trading session in Hong Kon

    August 9, 2017 02:45 pm JST
  • Sharp to help IoT ventures in mass production

    OSAKA -- Sharp is launching a matchmaking business to pair "internet of things" startups with manufacturers willing to share underutilized manufacturing equipment.The Japan-based electronics company, now majority-owned by Taiwan's Hon Hai Precision

    August 9, 2017 05:25 am JST
  • Taiwan's Nike supplier hints at Amazon apparel deal

    TAIPEI -- Taiwan's leading apparel maker Eclat Textile, a key supplier to Nike, Under Armour and Lululemon, said on Tuesday it wants to drive growth by focusing on e-commerce platforms in the next three to five years."We will start to ship to a new

    August 9, 2017 12:33 am JST
  • LNG reaches 5-month high in Asia on strong electricity demand

    TOKYO -- The spot price of liquefied natural gas used in power generation has been rising in Asia as a hot summer fuels demand for air conditioning.The price now hovers around $5.90 per million British thermal units, up around 8% from a month earlie

    August 8, 2017 11:59 pm JST
  • Foxconn considers Michigan for further US investments

    TAIPEI -- Key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, is considering the Midwestern state of Michigan as a location for further U.S. investments, after state Gov. Rick Snyder visited the company's facilit

    August 7, 2017 10:12 pm JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • Executive at Apple supplier ASE indicted on insider trading

    TAIPEI -- A top executive of key Apple supplier Advanced Semiconductor Engineering, also the world's largest chip assembler by revenue and market share, has been indicted on charges of insider trading, a Taiwanese prosecutor said on Friday.A spokesm

    August 5, 2017 01:36 am JST
  • Nicholas Spiro

    Asian tech stocks give new resilience to emerging markets

    In one of the most salient developments in emerging markets over the past several years, the information technology sector has emerged to represent the largest slice of the benchmark MSCI Emerging Markets Index.The sector, which accounted for just o

    August 4, 2017 05:21 pm JST
  • Apple supplier TPK sees rosy quarter on good iPhone demand

    TAIPEI -- Taiwan's TPK Holding, a key Apple touch module supplier, on Wednesday said it expects strong demand for iPhones to boost the current quarter.Chief Financial Officer Freddie Liu said the company has started to manufacture touch module compo

    August 3, 2017 11:12 pm JST
  • Nikkei Asia300 index falls as South Korean stocks drop on tax proposals

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan declined Thursday, led by South Korean shares following a proposed increase in taxes on large corporations.The Nikkei Asia 300 index lost 0.6% at 1,292.47.Nikkei's index for South Korea fel

    August 3, 2017 09:01 pm JST
  • Strong Tesla sales lift Taiwanese supplier's shares

    HONG KONG -- Taiwanese auto component maker Hota Industrial Manufacturing got a lift on the Taiwan Stock Exchange on Thursday from an upbeat second-quarter sales figure from U.S. electric vehicle maker Tesla.The stock briefly rose to a high of 144.0

    August 3, 2017 05:09 pm JST
  • Taiwan's opposition tries the old water balloon trick

    Summer may be the season for water balloon fights, but things turn ugly when the location is Taiwan's legislature, and members of the opposition Kuomintang are the ones tossing the projectiles.This is what happened on July 19: Kuomintang lawmakers s

    August 3, 2017 05:00 pm JST
  • A limping Japan Display scrambles to join the OLED party

    TOKYO If one company symbolizes the decline of Japan's once-dominant display industry, it is Japan Display. The manufacturer's continued allegiance to LCDs at a time when OLED technology -- and the South Korean companies that have embraced it -- are

    August 3, 2017 10:00 am JST
  • Foxconn puts America first with $10 billion Wisconsin facility

    MILWAUKEE, U.S. In what is set to be the largest green-field investment by a foreign company in U.S. history, Taiwanese contract electronics manufacturer Hon Hai Precision Industry, also known as Foxconn Technology Group, will spend $10 billion on b

    August 3, 2017 10:00 am JST
  • Foxconn says Wisconsin plan first of series of US investments

    TAIPEI -- Taiwanese contract manufacturing giant Hon Hai Precision Industry, known as Foxconn, has suggested that its plan to build a liquid crystal display factory in Wisconsin will be followed by more investment deals in the U.S.The Wisconsin fact

    August 3, 2017 02:57 am JST
  • Asian suppliers see shares jump on strong Apple results

    TOKYO/HONG KONG -- Shares of Asian suppliers for Apple soared Wednesday as the U.S. company announced a better-than-expected performance in the April-June quarter.Backed by steady iPhone sales, Apple's net profit for the quarter rose 12% on the year

    August 2, 2017 05:32 pm JST
  • Trump reveals Hon Hai's plan to invest $30bn in US

    NEW YORK -- U.S. President Donald Trump on Tuesday revealed in a meeting with business leaders that Hon Hai Precision Industry Chairman Terry Gou told him off the record that the Taiwanese gadget assembler plans to invest $30 billion in the U.S.Trum

    August 2, 2017 02:11 pm JST
  • Hotel Okura seeks following for its premium brand in Asia

    TOKYO -- Japan's Hotel Okura plans to add about 20 locations of its top-tier hotel brand across Asia by 2022, fighting for the region's growing ranks of affluent consumers amid a saturated domestic market.Although widely known in its home country, O

    August 2, 2017 06:58 am JST