2023-10-29 07:33:51
Worried regarding missing important news on the second day of the week? Economic Daily helps you pick out the must-see content before the weekend is over.
Wistron’s Indian factory sold to Tata for 3.8 billion to withdraw from Apple’s supply chain
Wistron’s board of directors passed a resolution on the 27th to sell 100% equity of its Indian subsidiary Wistron InfoComm Manufacturing (India) Private Limited (WMMI) to the Tata Group for US$125 million (approximately NT$3.89 billion), and will complete the delivery and exit as soon as possible. After Apple’s supply chain, Tata will be the first time that a local Indian company has officially carried out iPhone assembly business. …see full text
Further reading
Wistron turns to automotive electronics and takes root in the local market
Foreign investors have been selling Taiwan stocks for RMB 120 billion in the past two weeks. Only these three stocks remain unchanged in their pursuit of buying.
Jiao Youjun, Chairman of Winbond Electronics.Reporter Li Mengshan/Photography
Winbond Chairman Jiao Youjun: 80% of memory inventory will be solved next year, and inventory will no longer be a problem
Jiao Youjun, chairman of Winbond Electronics (2344), said on the 28th that 80% of the biggest “burden” of inventory has been solved at this stage. Inventory will no longer be a problem next year. If the current economic situation continues, inflation, interest rates and geopolitics will not If there are any special changes, the market situation in 2024 will be better than this year. …see full text
Further reading
Winbond rushes into mass production of advanced packaging by 2025
Winbond enters advanced packaging into small-volume production in the second half of next year
Winbond Chairman Jiao Youjun: The Israeli-Palestinian conflict has actually made Taiwan safer
US President Biden (right) met with Mainland Foreign Minister Wang Yi at the White House on the 27th. (Taken from the official website of the Ministry of Foreign Affairs of the Mainland)
Biden meets Wang Yi… Xi will agree to meet at the APEC Summit in San Francisco next month
U.S. President Biden met with Chinese Foreign Minister Wang Yi. Wang Yi told Biden that the purpose of his visit was to communicate with the United States and to “face San Francisco” on the basis of returning to the “Bali Consensus” reached by Xi Jinping during his visit last year. Sino-US relations have stabilized. …see full text
Further reading
Foreign Minister Blinken called for five musts at the meeting
Wang Yi was interviewed by Biden and emphasized that the purpose of visiting the United States is to “face San Francisco”>
Intel announced its financial forecast and said revenue will return to growth this quarter. (Archyde.com)
Intel’s financial forecast gives a boost to the Taiwan chain, indicating that the PC market is recovering. Double-A, Quanta, etc. are expected to benefit.
Intel’s last quarter revenue and profit, as well as this quarter’s financial guidance, were better than market expectations, indicating that the personal computer (PC) market recovery was better than expected. It also maintained an optimistic view of the mainland Chinese market, inspiring the stock price in early trading on the 27th in the US stock market. It rose more than 11% and drove the share price of peer Advanced Micro Devices (AMD) up 2.4%. …see full text
Further reading
Intel Financial Report/Wafer Foundry 18A Process Obtains Three Customers to Reversal the Decline and Continue to Make Progress
Intel’s financial report/optimistic revenue outlook for this quarter! PC chip recovery strengthens profits
Quanta emphasizes that it will have little impact from the new US AI ban, and AI servers will continue to grow in the fourth quarter
The Shanghai Containerized Exports (SCFI) container freight index rose for three consecutive times, with the index returning to the 1,000-point mark, with a weekly increase of 10.34%.United Daily News file photo
SCFI has increased the North American line for three consecutive times, and the freight rates of the four major ocean lines have increased across the board.
The effect of global container ship cutoffs is taking full effect, and coupled with the demand following the National Day holiday in mainland China, many routes from Asia to Europe and the United States have become fully booked in recent days. Among them, the US route is the most popular. The Shanghai Container Export (SCFI) container freight rate The index rose three times in a row, and the index returned to the thousand-point mark, with a weekly increase of 10.34%. …see full text
Further reading
Flexible operation during shipping period
The Evergreen cargo ship diverted to avoid the war between Israel and Palestine. It remains to be seen whether the conflict in the Middle East will affect the shipping price.
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