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NEWS TAGGED CMC
Tuesday 27 August 2024
CMC navigates local content challenges: Adjusting MG brand operations and delaying new car launch
At the online investor conference on August 26, Ching-wu Chien, vice President of China Motor Corp. (CMC), addressed the company's response to new government regulations mandating...
Monday 19 August 2024
AMEC confident in lawsuit against US DoD
Backed by strong support from the Chinese government and the inconsistent actions of the US, Chinese semiconductor equipment manufacturer Advanced Micro-Fabrication Equipment (AMEC)...
Monday 19 August 2024
Taiwan's new localization rules stun auto industry, MG brand hit hardest
A new set of regulations governing mandatory local supply chain cooperation value ratios, announced by Taiwan's Ministry of Economic Affairs (MOEA) on July 30 and swiftly implemented...
Tuesday 30 July 2024
BYD's potential entry into Taiwan's EV market faces five key challenges
As 2024 enters its final four months, BYD's annual electric vehicle sales have nearly surpassed Tesla's, solidifying its market position. The company's international expansion is...
Monday 8 July 2024
Canada unveils US$88.2 million semiconductor funding
According to Bloomberg, Electronic Product and Technology, and Proactive Investors, the Canadian government has announced a CAD120 million (US$88.2 million)...
Tuesday 5 December 2023
Automakers deepen ties with ICT companies to scale autonomous driving
Level 2 and 3 vehicle autonomy is poised to become a car's standard feature as automotive electronics companies and automakers continue to promote the technology. Taiwanese carmaker...
Wednesday 6 April 2022
Samsung SDS Vietnam profits from investing in CMC Corp
After acquiring a 30% stake in Vietnam-based CMC Corp three years ago, Samsung SDS Vietnam has made a profit of over VDN1.8 trillion (US$80 million) from the investment, according...
Tuesday 30 March 2021
CMC Magnetics upbeat about 2021
Optical disc maker CMC Magnetics is optimistic about business in 2021, judging from growing demand for archival optical discs with high storage capacities and its subsidiary Verbatim...
Monday 14 December 2020
CMC Magnetics subsidiary unveils gaming accessories in Europe
Verbatim, a wholly-owned subsidiary of blank optical disc maker CMC Magnetics, has unveiled gaming HDDs (hard disk drives) and SSDs under its SureFire brand in the Europe market and...
Tuesday 22 October 2019
CMC Magnetics expects Verbatim to generate revenues of NT$6 billion in 2020
CMC Magnetics will complete the acquisition of Verbatim by the end of 2019, expecting the Japan-based storage solution provider to bring in additional revenues of NT$6 billion (US$195...
Friday 16 August 2019
CMC Magnetics reports profit for 2Q19
Blank optical disc maker CMC Magnetics has reported NT$204.7 million (US$6.52 million) in second-quarter 2019 net profit.
Monday 17 June 2019
CMC Magnetics to acquire Verbatim
Blank optical disc maker CMC Magnetics has disclosed it will acquire storage solutions provider Verbatim from Mitsubishi Chemical Media for US$32 million, with the deal to be finished...
Thursday 28 March 2019
CMC Magnetics turns profitable in 2018
Blank optical disc maker CMC Magnetics has reported net profit of NT$420 million (US$13.6 million) for 2018, following consecutive losses for 11 years since 2007.
Wednesday 23 January 2019
CMC Magnetics developing holographic optical discs
CMC Magnetics is developing holographic optical discs in a bid to enlarge storage capacity per disc, and expects to see fruition in five years, according to company chairman Robert...
Wednesday 6 June 2018
CMC Magnetics likely to see operation break even in 4Q18, says chairman
Blank optical disc maker CMC Magnetics has seen business improving due to increasing shipments of consumer optical discs and emerging demand for business-use DVD archive optical discs...