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Toyota Motor Corp and Contemporary Amperex Technology Co Ltd (CATL, 新能源科技), the world’s top battery maker, are closing plants in China’s Sichuan Province as a drought-induced power crisis worsens. The Japanese automaker shut a factory in the provincial capital of Chengdu and would keep operations suspended until Saturday, company spokesperson Shiori Hashimoto said. The Chengdu plant produces about 30,000 vehicles a year, including the Landcruiser Prado, the manufacturer’s Web site says. CATL halted activity at its major lithium battery base in the city of Yibin through the same date, a local business publication reported. The company did not respond to an e-mailed ....
Taipei, July 14 (CNA) Shares in Taiwan recovered from earlier losses to close in positive territory Thursday, although the United States reported higher-than-expected inflation data overnight, which caused the initial downturn here, dealers said. ....
Taipei, July 4 (CNA) Shares in Taiwan extended losses from a week earlier, falling more than 100 points Monday, as investors took their cue from heavy losses suffered by semiconductor stocks on the United States markets at the end of last week, dealers said. ....
Mobile phone chip designer MediaTek Inc (聯發科) posted an average of NT$5.15 million (US$173,249) in annual compensation for non-managerial employees last year, marking the highest among all firms listed on the Taiwan Stock Exchange (TWSE), exchange data showed. That is a 66 percent increase from the company’s average compensation of NT$3.08 million in 2020, as its earnings per share (EPS) expanded from NT$26.01 in 2020 to NT$70.56 last year. That is also three times higher than the average compensation of NT$1.7 million in the nation’s semiconductor industry, the data showed. The increases helped MediaTek advance its ranking from third in 2020, replacing ....
Taipei, June 21 (CNA) Shares in Taiwan staged a solid technical rebound Tuesday, surging more than 360 points as investors rushed to take advantage of a recent slump and pick up bargains, dealers said. ....