Yageo, Hon Hai to Form Semiconductor Joint Venture, XSemi
Yageo Group and Hon Hai Technology Group announced to enter into a joint venture agreement to form XSemi Corporation. The goal of this newly established joint venture is to extend the businesses into the semiconductor industry, including product development and sales. In the future, XSemi will be based in Hsinchu, Taiwan and consolidate the strengths and resources of the two market leaders, in addition to the upcoming multifaceted collaborations with leading semiconductor companies in product design, process and capacity planning, and sales channel. XSemi will create a complete semiconductor supply chain and provide customers total solution services with high-quality products and stable supplies.
Shoe factory owner ranked Taiwan’s richest person
Staff writer, with CNA
Zhang Cong-yuan (張聰淵), founder of contract shoemaker Huali Industrial Group Co Ltd (華利集團), has taken the title of Taiwan’s richest person, with a net worth of US$13.8 billion,
Forbes announced in its Taiwan’s Richest 2021 list.
It was the first time that the low-key, self-made tycoon ranked No. 1 on
Forbes’ list of the top 50 billionaires in Taiwan.
Huali Industrial, which owns production facilities in China, Vietnam and the Dominican Republic, supplies international customers such as Nike Inc, Puma AG, UGG and Vans, the magazine said.
The Liang Shing and Takson shoe factory, believed to be where Zhang Cong-yuan started his business, is pictured in Yunlin County’s Cihtong Township on Friday. Forbes has ranked Zhang, founder of contract shoemaker Huali Industrial Group Co Ltd, as Taiwan’s richest person.
Shoe business owner ranks as Taiwan s richest person: Forbes
05/07/2021 10:13 PM
Zhang s shoe factory in Yulin County. Photo courtesy of a member of the public
Taipei, May 7 (CNA) Zhang Congyuan (張聰淵), founder of contract shoe maker Huali Industrial, took the title as the richest person in Taiwan, with a net worth at US$13.8 billion, according to Taiwan s Richest 2021 list released by Forbes.
It was the first time for the low-key, self-made tycoon, to top the Forbes top 50 billionaires list in Taiwan.
Huali Industrial owns production facilities in China, Vietnam and Dominica, and its international customers include Nike, Puma, UGG and Vans, the magazine said.
Week In Review: Auto, Security, Pervasive Computing
Foxconn chip venture; six levels of AVs; automotive cybersecurity standards; falling rockets.
Pervasive computing IoT, edge, cloud, data center, and back
Foxconn (also known as
Yageo
Group, a component production and process management company for EVs and other high-end electronics, to focus on the development of semiconductors under $2 USD, which they call “small ICs.” Through the JV, a new company called
XSemi will develop semiconductors to provide a stable supply to both companies and other customers. According to a press release. “Hon Hai has built capabilities within semiconductor equipment, design services, IC design in 5G, AI, CIS (CMOS Image Sensors), and display driver, foundry fabs, and advanced packaging.” Yageo brings component production and sales. “Yageo aims to create a one-stop shop for its customers,” said Yageo chairman Pierre Chen in the press release. “That and through this joint venture,
The benchmark Taiex index rose 45% since fortunes were last measured 15 months ago, lifting the collective net worth of Taiwan’s 50 richest by a third to US$149 billion. Overall, 36 listees added to their wealth. The complete 2021 Forbes Taiwan Rich List can be found here.