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NEWS TAGGED FORMOSA PLASTICS
Tuesday 28 December 2010
Nanya gains additional loans from affiliates, says paper
DRAM maker Nanya Technology has secured a total of NT$17 billion (US$577 million) in loans from Formosa Plastics and Nan Ya Plastics, two affiliates of its parent company Formosa...
Tuesday 28 December 2010
Formosa attracts Mitsui to become its largest shareholder through private placement
Taiwan-based LED chipmaker Formosa Epitaxy has announced that Japan-based Mitsui & Co will become its largest shareholder with a 15% stake through private placement.
Wednesday 22 December 2010
Formosa Petrochemical loans NT$5 billion and NT$8.5 billion to Nanya and Inotera
Formosa Petrochemical will provide one-year loans of NT$5 billion (US$167.34 million) and NT$8.5 billion, respectively to memory affiliates Nanya Technology and Inotera.
Monday 20 December 2010
LED chip demand for TV backlight to return to 1H10 level in Feb 2011, says Formosa Epitaxy
Taiwan-based LED chipmaker Formosa Epitaxy expects LED chip demand to return to the levels of the first half of 2010 in February and March of 2011, and volume shipments for applications...
Friday 17 December 2010
Taiwan LED companies raise year-end bonuses for 2010
Despite slowing demand from the TV backlight segment, most Taiwan-based LED companies will turn in significant growth in both revenues and profits in 2010, and employee bonuses for...
Wednesday 15 December 2010
Bluestone files patent infringement lawsuit against Taiwan and Japan LED players
Patent licensing company Bluestone Innovations has filed a patent infringement lawsuit against Taiwan-based LED chip maker Huga Optotech, according to Huga. Industry sources indicated...
Wednesday 8 December 2010
Epistar November revenues down 2.8%
Though LED chip packaging houses mostly saw revenues bounce back in October and November, chip makers still registered weak sales for November with modest decline to flat growth.
Tuesday 30 November 2010
LED companies Formosa Epitaxy and Unity Opto increase shipments proportion to China
With South Korea TV vendors raising their own LED capacity, orders to Taiwan-based suppliers are expected to see flat growth to merely a slight hike, and hence, LED chip maker Formosa...
Wednesday 17 November 2010
LED demand for TV backlighting to take off in March 2011
With vendors completing inventory adjustments, LED orders for LCD TV backlighting started to pick up in November 2010 and will increase significantly in March 2011, helping to boost...
Wednesday 17 November 2010
Parent company and affiliates support Nanya fund raiser
With DRAM spot and contract prices both down, memory maker Nanya Technology saw its stock price fall to NT$15.30 (US$0.506) on November 16, below the NT$16.50 new share offering price...
Tuesday 16 November 2010
Wafer Works announces investment in Formosa Epitaxy
Wafer Works on November 15, 2019 announced a US$600,000 investment for a 1% equity interest in Formosa Epitaxy's new subsidiary in Jiangsu, China. Although the acquisition is merely...
Wednesday 10 November 2010
Formosa October revenues up, Tekcore down
LCD chipmaker Formosa Epitaxy saw its October 2010 revenues increase slightly by 0.04% sequentially, while fellow chipmaker Tekcore reported a 13.76% sequential drop.
Friday 29 October 2010
Epistar, Formosa report sequential growth in 3Q10 net profits
LCD chipmakers Epistar and Formosa Epitaxy saw net profits increase sequentially to NT$1.9 billion (US$61.94 million) and NT$446 million, respectively, for the third quarter of 201...
Friday 8 October 2010
Formosa Epitaxy sees September revenues down 20% sequentially
Taiwan-based LED chipmaker Formosa Epitaxy has posted revenues of NT$401 million (US$13 million) for September, decreasing 20% sequentially but increasing 65.7% on year.
Monday 4 October 2010
LED chipmakers expect September revenues to fall further
LED chipmakers including Epistar, Formosa Epitaxy and Tekcore expect revenues in September to continue to drop amid dropping demand for TV backlighting, and gross margins for the...