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Taipei, Sept. 3 (CNA) The local semiconductor industry is expected to face challenges to its earnings in 2025 after profit growth likely hits a peak in 2022, according to China Credit Information Service, Ltd. (CCIS).
The total annual revenue generated by Taiwan’s top 5,000 companies exceeded NT$40 trillion (US$1.35 trillion) for the first time last year, a Taipei-based credit information agency said yesterday, citing a survey it conducted.
For the 17th consecutive year, iPhone assembler Hon Hai Precision Industry Co (鴻海精密) recorded the highest annual revenue among the country’s top 5,000 companies, at NT$3.64 trillion, followed by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) at NT$1.57 trillion, China Credit Information Service Ltd (CCIS, 中華徵信所) said in a news release.
The top five firms each generated net revenue of more than NT$1 trillion, CCIS said, listing Compal Electronics Inc
Moody’s Investors Service last week affirmed Taiwan’s sovereign credit rating of “Aa3” and changed its credit outlook for the nation to “positive” from “stable,” which is not only a first since the ratings agency began covering Taiwan in 1994, but also a vote of confidence in the nation’s resilient economy and its good governance model, despite US-China trade tensions and the COVID-19 pandemic.
The government welcomed the move. The Ministry of Finance said that Moody’s affirmation reflects Taiwan’s strong fiscal discipline and effectiveness of restoring economic normalcy amid the pandemic, while the outlook upgrade indicates that the nation’s sovereign rating might