Compal Electronics, Inc. and Subsidiaries
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Global Capital, the State, and Chinese Workers: the Foxconn Experience
MCX38410.1177/0097700 447164412447164Pun and ChanModern China © 2012 SAGE Publications Reprints and permission: sagepub.com/journalsPermissions.nav Articles Modern China 38(4) 383 –410 Global Capital, the State, © 2012 SAGE Publications Reprints and permission: and Chinese Workers: sagepub.com/journalsPermissions.nav DOI: 10.1177/0097700412447164 The Foxconn Experience http://mcx.sagepub.com Pun Ngai1 and Jenny Chan2 Abstract In 2010, a startling 18 young migrant workers attempted suicide at Foxconn Technology Group production facilities in China. This article looks into the development of the Foxconn Corporation to understand the advent of capi- tal expansion and its impact on frontline workers’ lives in China. It also pro- vides an account of how the state facilitates Foxconn’s production expansion as a form of monopoly capital. Foxconn stands out as a new phenomenon of capital expansion because of the incomparable speed and scale of its capital accumulation in all regions of China. This article explores how the workers at Foxconn, the world’s largest electronics manufacturer, have been subjected to work pressure and desperation that might lead to suicides on the one hand but also open up daily and collective resistance on the other hand. Keywords global capital, Chinese state, student workers, rural migrant workers, Foxconn Technology Group When Time magazine nominated workers in China as the runners-up for the 2009 Person of the Year, the editor commented that Chinese workers have brightened the future of humanity by “leading the world to economic 1Hong Kong Polytechnic University, Kowloon, Hong Kong 2Royal Holloway, University of London, Surrey, UK Corresponding Author: Pun Ngai, Department of Applied Social Sciences, Hong Kong Polytechnic University, Kowloon, Hong Kong Email: [email protected] 384 Modern China 38(4) recovery” (Time, Dec. -
Wistron Corporation and Intellectual Ventures Sign License Agreement
Wistron Corporation and Intellectual Ventures Sign License Agreement TAIPEI, Taiwan and BELLEVUE, Wash. — September 21, 2011 — Wistron Corporation and Intellectual Ventures (IV®) announced today that they entered into a license agreement. The deal provides Wistron with access to IV’s extensive patent portfolio of more than 35,000 IP assets, and also provides them membership in IV’s IP-for-Defense program. Wistron is among the world's largest original design manufacturer (ODM) companies producing information communications technology (ICT) products. As patent infringement claims increase in the technology sector, companies often find themselves in need of defensive strategies. For customers accused of patent infringement by their competitors, IV’s IP-for- Defense program provides them with the ability to obtain patents from IV’s portfolio to support counter- assertion, enabling more efficient negotiations in order to reduce liabilities and achieve favorable licensing terms. “Wistron has a well-established intellectual property policy built on our long-standing practices of fostering integrity, protecting innovations, and mutual respect for intellectual property.” said Michael C.M. Wu, general counsel of Wistron Corporation. “We believe our industry needs to encourage a healthy ecosystem that may facilitate creating, capitalizing on, and protecting intellectual property. The signing of this licensing agreement embodies Wistron’s strong commitment in adhering to its IP policy and continuous striving to strengthen Wistron’s patent portfolio. By entering into a strategic alliance with Intellectual Ventures, Wistron gains an efficient access of patented technologies which can mitigate Wistron’s exposure in future patent risks and further help Wistron to stay competitive in the OEM/ODM business.” “Wistron’s agreement with IV supplements its existing IP strategy to minimize risk and take advantage of IV’s services beyond a basic license agreement,” said Don Merino, senior vice president, global licensing sales at Intellectual Ventures. -
Compal Electronics, Inc. and Subsidiaries
1 Stock Code:2324 COMPAL ELECTRONICS, INC. AND SUBSIDIARIES Consolidated Financial Statements With Independent Auditors’ Review Report For the Nine Months Ended September 30, 2019 and 2018 Address: No.581 & 581-1, Ruiguang Rd., Neihu District, Taipei, Taiwan Telephone: (02)8797-8588 2 Table of contents Contents Page 1. Cover Page 1 2. Table of Contents 2 3. Independent Auditors’ Review Report 3 4. Consolidated Balance Sheets 4 5. Consolidated Statements of Comprehensive Income 5 6. Consolidated Statements of Changes in Equity 6 7. Consolidated Statements of Cash Flows 7 8. Notes to the Consolidated Financial Statements (1) Company history 8 (2) Approval date and procedures of the consolidated financial statements 8 (3) New standards, amendments and interpretations adopted 8~11 (4) Summary of significant accounting policies 11~21 (5) Significant accounting assumptions and judgments, and major sources 21 of estimation uncertainty (6) Explanation of significant accounts 21~63 (7) Related-party transactions 63~65 (8) Pledged assets 65 (9) Commitments and contingencies 66 (10) Losses due to major disasters 66 (11) Subsequent events 66 (12) Other 66~67 (13) Other disclosures (a) Information on significant transactions 67, 69~79 (b) Information on investees 68, 80~85 (c) Information on investment in Mainland China 68, 86~88 (14) Segment information 68 3 Independent Auditors’ Review Report To COMPAL ELECTRONICS, INC.: Introduction We have reviewed the accompanying consolidated balance sheets of COMPAL ELECTRONICS, INC. (the “Company”) and its subsidiaries (the “Group”) as of September 30, 2019 and 2018, and the related consolidated statements of comprehensive income for the three months and nine months then ended, as well as the changes in equity and cash flows for the nine months then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. -
Taiwan's Top 50 Corporates
Title Page 1 TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATES We provide: A variety of Chinese and English rating credit Our address: https://rrs.taiwanratings.com.tw rating information. Real-time credit rating news. Credit rating results and credit reports on rated corporations and financial institutions. Commentaries and house views on various industrial sectors. Rating definitions and criteria. Rating performance and default information. S&P commentaries on the Greater China region. Multi-media broadcast services. Topics and content from Investor outreach meetings. RRS contains comprehensive research and analysis on both local and international corporations as well as the markets in which they operate. The site has significant reference value for market practitioners and academic institutions who wish to have an insight on the default probability of Taiwanese corporations. (as of June 30, 2015) Chinese English Rating News 3,440 3,406 Rating Reports 2,006 2,145 TRC Local Analysis 462 458 S&P Greater China Region Analysis 76 77 Contact Us Iris Chu; (886) 2 8722-5870; [email protected] TAIWAN RATINGS CORP. | TAIWAN'S TOP 50 CORPORATESJenny Wu (886) 2 872-5873; [email protected] We warmly welcome you to our latest study of Taiwan's top 50 corporates, covering the island's largest corporations by revenue in 2014. Our survey of Taiwan's top corporates includes an assessment of the 14 industry sectors in which these companies operate, to inform our views on which sectors are most vulnerable to the current global (especially for China) economic environment, as well as the rising strength of China's domestic supply chain. -
Compal Electronics, Inc. and Subsidiaries
1 Stock Code:2324 COMPAL ELECTRONICS, INC. AND SUBSIDIARIES Consolidated Financial Statements With Independent Auditors’ Review Report For the Three Months Ended March 31, 2020 and 2019 Address: No.581 & 581-1, Ruiguang Rd., Neihu District, Taipei, Taiwan Telephone: (02)8797-8588 2 Table of contents Contents Page 1. Cover Page 1 2. Table of Contents 2 3. Independent Auditors’ Review Report 3 4. Consolidated Balance Sheets 4 5. Consolidated Statements of Comprehensive Income 5 6. Consolidated Statements of Changes in Equity 6 7. Consolidated Statements of Cash Flows 7 8. Notes to the Consolidated Financial Statements (1) Company history 8 (2) Approval date and procedures of the consolidated financial 8 statements (3) New standards, amendments and interpretations adopted 8~9 (4) Summary of significant accounting policies 9~16 (5) Significant accounting assumptions and judgments, and major 16~17 sources of estimation uncertainty (6) Explanation of significant accounts 17~56 (7) Related-party transactions 56~58 (8) Pledged assets 59 (9) Commitments and contingencies 59 (10) Losses due to major disasters 59 (11) Subsequent events 59 (12) Other 60 (13) Other disclosures (a) Information on significant transactions 60~61, 62~72 (b) Information on investees 61, 73~78 (c) Information on investment in mainland China 61, 79~81 (d) Major shareholders 61 (14) Segment information 61 3 Independent Auditors’ Review Report To COMPAL ELECTRONICS, INC.: Introduction We have reviewed the accompanying consolidated balance sheets of COMPAL ELECTRONICS, INC. and its subsidiaries (the “Group”) as of March 31, 2020 and 2019, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the three months ended March 31, 2020 and 2019, and notes to the consolidated financial statements, including a summary of significant accounting policies. -
Chapter 2 Hon Hai/Foxconn: Which Way Forward ?
Chapter 2 Hon Hai/Foxconn: which way forward ? Gijsbert van Liemt 1 1. Introduction Hon Hai/Foxconn, the world's leading contract manufacturer, assembles consumer electronics products for well-known brand-names. It is also a supplier of parts and components and has strategic alliances with many other such suppliers. Despite its size (over a million employees; ranked 32 in the Fortune Global 500) and client base (Apple, HP, Sony, Nokia), remarkably little information is publicly available on the company. The company does not seek the limelight, a trait that it shares with many others operating in this industry. Quoted on the Taiwan stock exchange, Hon Hai Precision Industry (HHPI) functions as an ‘anchor company’ for a conglomerate of companies. 2 As the case may be, HHPI is the sole, the majority or a minority shareholder in these companies and has full, partial or no control at all. Many subsidiaries use the trade name Foxconn and that is why this chapter refers to the company as Hon Hai/Foxconn. Among its many subsidiaries and affiliates are Ambit Microsystems, Cybermart, FIH Mobile, Fu Taihua Industrial, Hong Fujin Precision and Premier Image. After a near hundredfold increase in sales in the first decade of this century Hon Hai/Foxconn's sales growth slowed down drastically. The company is facing several challenges: slowing demand growth in its core (electronics) business; a weakening link with Apple, its main customer; rising labour costs and a more assertive labour force in China, its main production location; and pressure from its shareholders. 1. Copyright 2015 Gijsbert van Liemt. -
2019 Annual Report
Stock Code:4953 Wistron Information Technology and Services Corp. 2019 Annual Report Taiwan Stock Exchange Market Observation Post System: http://emops.twse.com.tw Wistron ITS annual report is available at http://www.wistronits.com Publication Date May 14, 2020 1. Name, Title and Contact Information for Company’s Spokesperson Spokesperson:Phoebe Chang Title:Vice President Tel:(02)7745-8888 E-mail:[email protected] Acting Spokesperson:Maggie Lee Title:Manager Tel:(02)7745-8888 E-mail:[email protected] 2. Address and Telephone Number of Company’s Registered Office and Headquarters Address:32F., No. 93, Sec. 1, Xintai 5th Rd., Xizhi Dist., New Taipei City 22175, Taiwan, R.O.C. Tel:(02)7745-8888 3. The Address and Contact information of Stock Transfer Agent Name:KGI Securities Address:5F, No.2, Sec.1, Chongqing S. Road, Taipei Website:htto://www.kgi.com.tw Tel:(02)2389-2999 4. The Address and Contact information of Independent Auditors in 2019 Name:Chen, Ya-Ling and Huang, Ming-Hung at KPMG Address:68F, TAIPEI 101 TOWER, No.7, Sec.5, Xinyi Road, Taipei, 110, Taiwan, R.O.C. Website:www.kpmg.com.tw Tel:(02)8101-6666 5. For more information about Wistron GDRs: None 6. For more information about Wistron: http://www.wistronits.com INDEX 1. Letter to Shareholders ........................................................................................................ 1 2. Wistron Information Technology and Services Corp. Introduction ................................... 4 3. Corporate Governance Report 3.1 Organization ................................................................................................................... 7 3.2 Directors, Supervisors and Management Team .............................................................. 11 3.3 Status of Corporate Governance .................................................................................. 21 3.4 Information Regarding the Company’s Independent Auditors ................................... -
指數etf (2805) 截至 31/01/2014 2805
領航富時亞洲(日本除外)指數ETF (2805) 截至 31/01/2014 2805 成分股數目 669 證券百分比 99.66% 現金及現金等類百分比 0.34% 其他 0.00% 證券名稱 證券代號 交易所 資產淨值百分比 Samsung Electronics Co. Ltd. 005930 XKRX 4.36% Taiwan Semiconductor Manufacturing Co. Ltd. 2330 XTAI 2.82% Tencent Holdings Ltd. 700 XHKG 2.20% AIA Group Ltd. 1299 XHKG 1.91% China Construction Bank Corp. 939 XHKG 1.78% China Mobile Ltd. 941 XHKG 1.69% Industrial & Commercial Bank of China Ltd. 1398 XHKG 1.59% Hyundai Motor Co. 005380 XKRX 1.14% Bank of China Ltd. 3988 XHKG 1.13% Hon Hai Precision Industry Co. Ltd. 2317 XTAI 1.13% Hutchison Whampoa Ltd. 13 XHKG 0.98% Infosys Ltd. INFY XNSE 0.97% CNOOC Ltd. 883 XHKG 0.84% Oversea-Chinese Banking Corp. Ltd. O39 XSES 0.74% Housing Development Finance Corp. HDFC XNSE 0.73% DBS Group Holdings Ltd. D05 XSES 0.72% Reliance Industries Ltd. RELIANCE XNSE 0.72% Galaxy Entertainment Group Ltd. 27 XHKG 0.72% China Life Insurance Co. Ltd. 2628 XHKG 0.71% Singapore Telecommunications Ltd. Z74 XSES 0.70% PetroChina Co. Ltd. 857 XHKG 0.70% POSCO 005490 XKRX 0.69% Shinhan Financial Group Co. Ltd. 055550 XKRX 0.69% Hong Kong Exchanges and Clearing Ltd. 388 XHKG 0.68% China Petroleum & Chemical Corp. 386 XHKG 0.68% Hyundai Mobis 012330 XKRX 0.67% Cheung Kong Holdings Ltd. 1 XHKG 0.66% Sands China Ltd. 1928 XHKG 0.62% Sun Hung Kai Properties Ltd. 16 XHKG 0.62% United Overseas Bank Ltd. U11 XSES 0.62% SK Hynix Inc. -
Shape of Automation
Ling-Fei Lin The [Shapeless] Shape of Automation: Moments of Constructing Factory Robots in East Asia Ling-Fei Lin, Harvard University For WeRobot 2018 Conference @ Stanford Law School Creation brings transformation and also destruction, but in what shape? When robots and automation gradually penetrate into factory life in East Asia, what will the micro production landscape look like? At the transitioning moment of constructing and using assembly robots, changes are never linear and straightforward. When new robotic species are made, one by one, by their human creators, long-term human practices are segmented, analyzed, rationalized, and then mechanized. It is not the whole body, but anatomized parts and functions that are replaced. Furthermore, they bring equally shocking effects to those who work with the replaced core. With new functions and potentially new divisions of labor, robots start to compete and co-evolve with (parts of) humans and their practices, although usually with overwhelming power over their competitors. Laptop Production Landscape East Asia has been a major production base for global consumer electronics and computer products for a few decades, in particular after the 1980s. In the laptop industry, annually around 50-90% of worldwide products were made by Taiwanese contract manufacturers with their factories in China after 2001, including Quanta Computer, Compal Electronics, Wistron Corpration and Foxconn Technology, producing brand products for Apple, Dell, Hewlett Packard, Acer, Asus and so on. The emerging usage of assembly robots in computer factories is a watershed and provides us with an excellent opportunity to explore the inner social world of producers since 1 Ling-Fei Lin all elements have to react to this changing moment. -
Listing Changes in 2003
Listing Changes in 2003 Listings Name Code Date Listings Name Code Date Common First Financial Holding Co. Ltd. 2892 2-Jan Compal Communications Inc. 8078 9-Dec Stocks Johnson Health Tech. Co., Ltd. 1736 9-Jan Sitronix Technology Corp. 8016 25-Dec Makalot Industrial Co., Ltd. 1477 21-Jan Formosa Petrochemical Corp 6505 26-Dec KING BILLION ELECTRONICS CO., LTD. 3056 3-Mar Taiwn Chang Type Industrial Co., Ltd. 541 19-Mar Depository FORMOSA EPITAXY INCORPORATION 3061 11-Apr Receipts Mustek Limited 9104 20-Jan MIN AIK TECHNOLOGY CO., LTD. 3060 21-Apr Cal-Comp Electronics(Thailand) Public Co., Ltd. 9105 22-Sep GENERAL PLASTIC INDUSTRIAL CO., LTD. 6128 16-Jun Warrants Gemtek Technology Co., Ltd. 4906 30-Jun CyberTAN Technology, Inc. 3062 28-Jul Yunta Core Pacific-Uni-President Enterprises Corp. Jul. 03 0768 3-Jan SYSAGE THCHNOLOGY CO., LTD. 6112 4-Aug Fubon-Chinatrust Group Jan. 04 0769 6-Jan JYE TAI PRECISION INDUSTRIAL. CO., LTD. 6165 4-Aug Fubon-Sinopac Holdings Jan. 04 0770 8-Jan RECHI PRECISION CO., LTD. 4532 4-Aug Jih Sun-Asustek Jan. 04 0771 9-Jan CAMEO COMMUNICATIONS, INC. 6142 4-Aug China Trust-Fubon Financial Jul. 03 0772 10-Jan TECO ENTERPRISE CO., LTD. 6119 4-Aug Yuanta Core Pacific-Asustek Computer Jul. 03 0773 16-Jan Wistron Corporation 3231 19-Aug Masterlink-Pou Chen Jul. 03 0774 17-Jan SIGURD MICROELECTRONICS CORP. 6257 25-Aug Yuanta Core Pacific-Via Technologies Jul. 03 0775 20-Jan HannStar Board Corp. 5469 25-Aug Sinopac-Siliconware Jul. 03 0777 21-Jan EverFocus Electronics Corp. -
Electronic Manufacturing Services
August 2019 Electronic Manufacturing Services Inside: . Developments . M&A activity . Valuation . About Clearwater International . International team and contacts clearwaterinternational.com Executive summary Executive summary of Clearwater Transaction the EMS and ODM International’s highlights in the industry transaction highlight global EMS sector . CapitalWorks has acquired The European EMS market grew to in CapitalWorks has agreed to acquire Libra Industries. Libra excess of €31bn in 2018 with an Libra Industries. Libra Industries, Inc. Industries, Inc. is a full-service expected annual growth of is a full-service solutions provider of solutions provider of c. 3% until 2022. Main growth drivers engineered printed circuit board engineered printed circuit include continued digitalisation, assemblies, electromechanical board assemblies, Internet of Things (IoT), electrification assemblies and electronic control electromechanical assemblies and the expansion/roll-out of solutions. and electronic control communication networks. solutions. As a leading EMS contract Increasing competition combined with manufacturer serving the medical, . BB Electronics A/S, one of market consolidation continues to aerospace & defence, and industrial Scandinavia’s leading service increase price pressure. This is markets, Libra will complement companies in the field of leading to the movement of production another CapitalWorks portfolio electronics production, has of low and medium volume/high mix company, GEMCITY Engineering and acquired Czech company electronic assembly from Western Manufacturing. GEMCITY is a contract Wendell Electronics, with 130 European countries. manufacturer providing employees and revenues in comprehensive manufacturing 2018 of €12.5m. Valuation level of EMS services for complex equipment used . PRIMEPULSE SE has in the aerospace & defence, medical, acquired ETL Elektrotechnik players worldwide packaging, and industrial markets. -
The Electronic Manufacturing Service (EMS) Industry in 2014
The Electronic Manufacturing Service Ericsson, routers for Cisco, and printers for HP. Cal- 1 (EMS) Industry in 2014 Comp Electronics (based in Thailand) produces components for HP printers and other products. Celestica (based in Canada, where it was spun off by IBM in 1994), meanwhile, produces sub-assemblies for Cisco’s internet and intranet devices, as well as products for customers such as HP, IBM, and NEC (until 2012, Celestica also was one of the producers of the Blackberry smartphone, for which Foxconn is now taking the lead in design and assembly). Each of these EMS providers has plants around the world, well beyond their home countries. EMS are similar to ODMs (Original Design Manufacturers), with a key difference that EMS providers traditionally did not take ownership of intellectual property, while ODM firms (many of EMS services at Celestica solar panel lab (Canada) which – such as Pegatron, Compal, Wistron, and Photo: Adrian Wyld/Canadian Press Quanta – originated in Taiwan) often retain at least partial IP ownership of the products they design for an OEM. Hence, ODMs historically were stronger at product design capabilities than most EMS providers. However, the line between the two types of service organizations is rapidly blurring and the same companies can act as both ODM and EMS providers. Pegatron, for instance, is one of the EMS producers of the iPhone, while Foxconn has taken on ODM- type responsibility for Blackberry. The boundaries of the EMS market are dynamic, so that measuring market size is ambiguous. However, an estimate by the “Research and Markets” industry analysts is that total electronics assembly exceeded $1 trillion in 2013 and will grow to about $1.5 trillion iPhone assembly at a Foxxcon facility in China in 2017.