CONNECT WITH US
Apr 12, 09:49
Key takeaways from Largan's 1Q24 earnings call
Largan Precision, one of the largest Taiwan-based makers of smartphone lens modules, held its quarterly earnings call on April 11.
The US is a standout destination for investors in artificial intelligence because of its push to develop more advanced chipmaking at home, according to Silicon Valley-based Celesta Capital.
Acer announced its consolidated revenue for March 2024. It reached NT$27.482 billion (approx. US$855 million), a 70.5% monthly and a 13.8% annual increase.
Taiwan's Ministry of Finance (MOF) released preliminary import and export trade statistics for March 2024 and found that under the strong global demand for AI servers, Taiwan's overall exports showed significant growth despite the decline in IC exports.
To enhance corporate governance, Taiwan's Hon Hai Technology, also known as Foxconn, may establish a rotating CEO system to nurture more talented individuals from within the company, according to industry sources.
The ongoing booming artificial intelligence (AI) development relies heavily on massive computing power facilitated by semiconductors, and consequently, looking ahead 10 years, there is currently no technology that can supplant silicon, which will be the most crucial key to the sustained prosperity of Taiwan's semiconductor industry, according to Cliff Hou, senior vice president at TSMC.
In the wake of a seismic event rattling Taiwan, and amidst the dawn of the AI era, South Korea's governmental bodies and corporate giants have convened to assess supply chain vulnerabilities. This gathering aims to fast-track the Semiconductor Mega Cluster (SMC) project in South Korea, compelling a comprehensive overhaul of tax relief mechanisms.
As consumer spending remains low amid high inflation in Europe and the US, network equipment makers have seen expectations for the first quarter of 2024 dashed, as demand from Europe and US-based clients continues to flatline. Heading into the second quarter of the year, hopes are on the Asia-Pacific market outside of China.
Taiwanese manufacturers control 82.9% of the global server manufacturing capacity, 77.9% of the notebook production capacity, and 54.7% of the PC capacity.
A recent article by the Financial Times (FT) reported that several prominent Taiwanese companies are considering establishing a second headquarters abroad to ensure continued operations in the case of a conflict with China.
President Joe Biden and Japanese Prime Minister Fumio Kishida have enlisted Amazon.com Inc. and Nvidia Corp. to fund a new joint artificial intelligence research program, as the two nations look to improve collaboration around the quickly emerging technology.
OpenAI Chief Executive Officer Sam Altman has been working to build a global coalition among government and industry leaders to support boosting the supply of chips, energy, and data center capacity needed to develop artificial intelligence technology, according to multiple people familiar with the discussions.