|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||984.00 - 1,010.00|
|52 Week Range||344.00 - 1,030.00|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||38.08|
|Forward Dividend & Yield||10.50 (1.06%)|
|Ex-Dividend Date||Jul 06, 2020|
|1y Target Est||N/A|
Keysight Technologies' (KEYS) deal wins for its 5G test solutions and growing clout of offerings amid the accelerated 5G deployment is expected to boost revenues in the quarters ahead.
(Bloomberg) -- An investigation into illegal talent poaching by Beijing-based Bitmain Technologies Ltd. has revived fears Chinese companies will target Taiwan’s top engineers as their country works to build a world-class chipmaking industry.Investigators descended on the offices of Bitmain’s two Taiwan units and interviewed 19 people Tuesday in a probe into whether the crypto-mining startup had violated local laws, according to Chang Jui-chuan, a spokeswoman for the New Taipei District Prosecutors Office. The Chinese firm, which develops semiconductors for mining and other purposes, is suspected of illegally recruiting hundreds of engineers from Taiwanese firms over a period of three years. Taiwan prohibits firms from China from doing business or recruiting locally without prior approval, a measure intended to limit the influence of its political rival.The accusations against Bitmain spur concerns that Chinese firms will accelerate efforts to hire away Taiwan’s best engineers in a bid to achieve semiconductor self-sufficiency. Beijing has pledged to develop its own advanced chip manufacturing in order to dominate future technologies and cut its dependence on $300 billion of annual semiconductor imports.Read more: China to Pour More Money Into Chips, AI and 5G to Catch U.S.Taiwan’s deep pool of expertise revolves around Taiwan Semiconductor Manufacturing Co., the world’s leading chip fabricator and a supplier to most American tech giants from Apple Inc. to Nvidia Corp. U.S. and European companies like Alphabet Inc.’s Google and ASML Holding NV have set up engineering hubs and research bases to tap local talent.“China’s poaching of Taiwanese engineers undermines Taiwan’s semiconductor industry,” said Carol Lin, a law professor at the Hsinchu-based National Chiao Tung University, which is now part of the newly formed National Yang Ming Chiao Tung University. “Through the maneuver, Chinese competitors can learn about Taiwan companies’ progress. If these engineers bring trade secrets with them, Chinese rivals can have a firm grasp of Taiwan companies’ past success and failure in technological developments, and this could result in unfair competition and even endanger national security.”Beijing has denied Washington’s claims that it demands technology or talent transfers or targets the intellectual property of overseas firms. Bitmain representatives didn’t respond to multiple requests for comment.Read more: The World Is Dangerously Dependent on Taiwan for SemiconductorsBitmain’s actions are suspected of breaching Taiwan’s Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Chang said. An article in the act stipulates that for-profit Chinese firms cannot set up units in Taiwan and conduct business activities -- including headhunting -- without approval from Taiwanese authorities, she added.A separate press statement from Chang’s office, while not identifying Bitmain by name, shed light on the allegations. In order to develop artificial intelligence chips, the Chinese startup created a new entity in China with a Taiwanese engineer as chairman. This engineer then recruited colleagues from his former company in Taiwan and formed a headhunting team to set up a research and development center in Taiwan, according to the statement. Chang confirmed the company in the press release was Bitmain.The team offered potential recruits double their existing salaries and advertised openly on Taiwanese job sites, the prosecutors said. The country’s top chip designer MediaTek Inc., a major rival to Qualcomm Inc., was affected by Bitmain’s recruitment drive, Taiwan’s Apple Daily reported. A MediaTek representative declined to comment.Taiwanese executives have accused Chinese rivals of aggressive poaching for years. In 2018, Taiwanese DRAM maker Nanya Technology Corp. President Lee Pei-ing said some of his engineers were being offered three to five times their current salaries by Chinese competitors. The typical practice was to first lure away a manager who would then go on to recruit more of his former colleagues, according to Lee.Beyond talent poaching, global firms with operations in Taiwan and local officials have accused Chinese companies of technology theft. In 2019, Taiwanese prosecutors indicted five people for leaking tech belonging to German chemical maker BASF SE to Jiangyin Jianghua Microelectronics Materials Co., while Micron Technology Inc. has sued Taiwan’s United Microelectronics Corp. and its Chinese partner Fujian Jinhua Integrated Circuit Co. for stealing trade secrets. Both Chinese companies have denied wrongdoing.Read more: Engineers Found Guilty of Stealing Micron Secrets for ChinaBitmain, the world’s largest crypto-mining equipment maker, has over the years tried to expand into AI chipmaking to cushion Bitcoin’s volatility, but the strategy divided its management. The company relies on TSMC’s foundry for semiconductor production.(Updates with employment forecast chart)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Taiwan offered reassurances Monday it has sufficient water reserves to keep a giant tech industry led by Taiwan Semiconductor Manufacturing Co. humming till late May, when monsoon rains arrive to alleviate its worst drought in decades.The island should have enough water to supply the public and industry till then though precipitation is likely to fall short of average historical levels, Minister of Economic Affairs Wang Mei-hua told reporters Monday. The drought has so far exerted no impact on TSMC nor other companies, Wang added.Taiwan faces its worst drought in 56 years, a challenge to water-intensive sectors of the economy from chipmakers to textile factories and farms. The heightened level of concern coincides with a global shortage of semiconductors that’s halting output at automakers from General Motors Co. to Volkswagen AG, spurring TSMC and its peers to run their fabs at close to full capacity to try and sate demand.On Sunday, President Tsai Ing-wen said on her Facebook page her government will do everything in its power to stabilize supply. Chipmaking consumes enormous quantities of both power and water. U.S., Japanese and European officials have urged the Taiwanese government to do all it can to ensure a steady supply of chips as automakers in their countries delay production and idle plants due to a lack of crucial components.The World Is Short of Computer Chips. Here’s Why: QuickTakeTSMC has trimmed usage and ordered small amounts of water by the truckload for some of its facilities to prepare for potential water-use restrictions, spokeswoman Nina Kao said in an email. Longer term, the island is setting aside NT$17 billion to build 11 recycling plants by 2026.Spanning the Tropic of Cancer in the western Pacific Ocean, Taiwan typically receives copious amounts of rainfall. But last year was abnormally dry by historical standards. Hsinchu City, home to the likes of TSMC and MediaTek Inc., received just half the amount of rain in 2020 than it did the year before. The southern city of Tainan, another major center of technology manufacturing, also saw a significant drop-off in the amount of rain.About 70% of Taiwan’s water supply goes toward agriculture while industrial production uses just 20%. The remainder is for residential and commercial use, Taiwan’s Water Resources Agency Deputy Director-General Wang Yi-fung said in an interview Monday.Recent conservation measures, including fallowing some farmland, has helped save some 701 million tons of water. That ensures Taiwan has enough water till late May, with an additional month’s supply cushion, he added. Taiwan uses about 16 billion to 17 billion tons of water annually, the official said.Typhoons are usually an important source of precipitation but they didn’t deliver for Taiwan last year. Not a single typhoon made landfall in all of 2020. Over the past century, the island is hit by between three and four typhoons each year on average, according to the island’s Central Weather Bureau.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.