Hitachi Energy to provide advanced grid connection for the world’s largest eucalyptus pulp mill in Brazil Innovative solution will enable surplus renewable electricity to be transferred into the national power grid

Innovative solution will enable surplus renewable electricity to be transferred into the national power grid

Zurich, Switzerland, March 21, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Suzano, the world’s leading eucalyptus pulp producer and one of Latin America’s largest paper producers, to design and deliver a complete grid connection solution for the company’s new pulp mill in Brazil.

Suzano’s new factory will be the world’s largest single-line eucalyptus pulp mill and Brazil’s first pulp production facility to be fossil fuel free when completed in the second half of 2024. It will have an annual production capacity of 2.5 million tons and will increase Suzano’s output by 20 percent. About half of the electricity generated will be transferred to the national power grid, enough to supply around 2.3 million people for one month.

The two companies have worked closely together on grid solutions for Suzano’s fleet of mills over the past 20 years. In this spirit of collaboration and co-creation, Hitachi Energy has contributed its pioneering technologies and its unique system integration capabilities, engineering expertise and extensive experience of local grid code requirements. This enables Hitachi Energy to design and supply complete solutions with exceptional levels of reliability, that are fundamental for these types of application.

“We are honored and delighted to be working with Suzano again on this landmark project that sets a new benchmark in sustainable pulp production and shares its emission-free electricity with society at large,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This is another example of how our solutions are advancing the world’s energy system to be more sustainable, flexible and secure.”

“The construction of the new factory is the biggest investment in Suzano’s history, so it is vital that the grid connection through which we generate additional revenue from our surplus energy operates at outstanding levels of reliability and availability,” said Mauricio Miranda, Engineering Director at Suzano. “We chose Hitachi Energy as our technology partner based on more than 20 years of successful collaboration and consistent delivery of innovative, reliable solutions and exceptional project execution.”

Hitachi Energy will supply a state-of-the-art grid connection solution to enable the surplus renewable power to be transferred reliably, safely and securely into the national power grid. The solution’s compact footprint is based on advanced gas-insulated switchgear and offers excellent performance in terms of efficiency and availability, while minimizing the total lifecycle cost and CO2 footprint.

To secure reliability and availability, key elements of the grid connection, such as the transformers will be equipped with Hitachi Energy’s digital monitoring systems to provide real-time data and performance insights and enable predictive maintenance. Hitachi Energy will provide a complete solution across the value chain, from system studies and grid code compliance to design and engineering, supply and installation and commissioning.

Hitachi Energy is the world’s leading provider of grid connections and power quality solutions, with an installed base of more than 10,000 projects worldwide, over 800 of which connect renewable energy sources to the grid.

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company’s consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com

Dredging Seeks to Free Grounded Cargo Ship in Chesapeake Bay

BALTIMORE —

Dredging has begun to free a cargo ship stranded in the Chesapeake Bay for more than a week, the U.S. Coast Guard said Monday.

A salvage company began dredging around the 334-meter Ever Forward on Sunday, and the work is expected to continue throughout the week, Coast Guard Petty Officer 3rd Class Breanna Centeno said in an email. The grounded vessel is stable, poses no pollution threat and isn’t impacting Port of Baltimore operations, Centano said.

State and federal agencies have issued all permits, Maryland Port Administration Executive Director William P. Doyle tweeted. Doyle said dredged materials will be used to help rebuild Poplar Island, located off the Eastern Shore, that has suffered from severe erosion.

The Ever Forward was headed from the Port of Baltimore to Norfolk, Virginia, on March 13 when it ran aground north of the Chesapeake Bay Bridge, the U.S. Coast Guard said. The ship, operated by Taiwan-based Evergreen Marine Corp., became stranded outside the shipping channel, and officials have said there were no reports of injuries, damage or pollution.

Evergreen said Friday that a plan to refloat the Ever Forward involves dredging the bay’s muddy floor, releasing ballast to lighten the load and using tugboats and the ship’s main engine to free the vessel.

The Coast Guard has said officials have not yet determined what caused the Ever Forward to run aground. The ship isn’t blocking navigation in the channel, unlike last year’s high-profile grounding in the Suez Canal of its sister vessel, the Ever Given, which disrupted the global supply chain for days.

Source: Voice of America

February 2011 Approval of Overseas Chinese Investment, Mainland Investment in Taiwan, Foreign Investment, and Statistical Press Release on Investment in Mainland China

According to the statistics of the Investment Review Committee of the Headquarters, from January to February 2011, 300 overseas investment projects were approved, a decrease of 21.47% over the same period of the previous year; Equivalent to NT$52.67679 billion), an increase of 100.91% over the same period of the previous year, mainly due to the approval of Danish businessmen CI II CHANGFANG K/S from January to February 2011 to pay NT$10.563434747 trillion to Copenhagen Infrastructure Changfang Co., Ltd. increased loan investment to reinvest in Changfang Offshore Wind Farm, and HITACHI, LTD. acquired Yongda Electromechanical Industry Co., Ltd. for NT$24,673,084,363 379 million 2,832 shares and other large-scale investments.

From January to February 2011, the number of new companies approved was 174, and the investment amount of new companies was US$73,110,893 (equivalent to approximately NT$2,193,326,800); in addition, from January to February 2011, new southbound countries were approved The number of investment projects in Taiwan was 66, a decrease of 12% over the same period of the previous year. The investment (increase) amounted to US$136.75 million (equivalent to NT$4.125 billion), an increase of 5.21% over the same period of the previous year. The main sources of investment are Singapore, Thailand and Australia.

In terms of Chinese investment in Taiwan, from January to February 2011, the number of approved Chinese investment in Taiwan was 9, an increase of 80% over the same period of the previous year; 174.81 million yuan), a decrease of 56% compared with the same period of the previous year, mainly due to the approval of the mainland-funded investor Hong Kong Commercial Waterhouse Wireless Radio Frequency Tag (Hong Kong) Co., Ltd. with NT$274.5 million in January-February 2011 Large-scale investment projects such as increasing the funds used by the Taiwan branch for business operations were higher than the base period. Since June 30, 1998, when mainland investors were allowed to invest in Taiwan, the total number of approved Chinese investment in Taiwan was 1,519, and the approved investment (increase) amounted to US$2.5333352 trillion (equivalent to NT$76 billion). 560,000 yuan).

In terms of foreign investment, the number of approved (prepared) foreign investments from January to February 2011 was 80, an increase of 50.94% over the same period of the previous year; 55.44 million yuan), a decrease of 22.13% over the same period of the previous year. In addition, from January to February 2011, the number of approved (prepared) investments in new southbound countries was 23, an increase of 35.29% over the same period of the previous year. 6.3 billion 930,000 yuan), a decrease of 72.40% over the same period of the previous year; among which the larger investment amount is Vietnam, Singapore and Cambodia.

In terms of investment in mainland China, the number of approved investments in mainland China from January to February 2011 was 74, an increase of 17.46% over the same period of the previous year; NT$14.0526 billion), an increase of 10.59% over the same period of the previous year.

Source: Ministry of Economic Affairs R.O.C

US says 3 China bases in South China Sea now fully militarized

China has fully militarized at least three of its artificial islands in the South China Sea, equipping them with missile systems and fighter jets, a top U.S. commander has said.

The Associated Press quoted U.S. Indo-Pacific commander Adm. John C. Aquilino as saying on Sunday that the construction of missile arsenals, aircraft hangars, radar systems and other military facilities at Mischief Reef, Subi Reef and Fiery Cross “appeared to have been completed.”

“The function of those islands is to expand the offensive capability of the PRC (People’s Republic of China) … They can fly fighters, bombers plus all those offensive capabilities of missile systems,” Aquilino said.

“They threaten all nations who operate in the vicinity and all the international sea and airspace,” he added.

This is in stark contrast to Chinese President Xi Jinping’s reassurance that China would not militarize the islands.

Beijing has developed at least seven artificial islands in the South China Sea, creating 3,200 acres of new land since 2013, according to the Asia Maritime Transparency Initiative at the Washington-based Center for Strategic and International Studies.

This is the first time U.S. officials have mentioned the deployment of Chinese fighter jets to the islands as according to Greg Poling, AMTI’s director, “no one has ever spotted fighter jets in the Spratlys so far as we know.”

In 2015, during a visit to the White House, Xi said: “Relevant construction activities that China are undertaking in the island of South — Nansha (Spratly) Islands do not target or impact any country, and China does not intend to pursue militarization.”

Xi also said that China is “committed to maintaining peace and stability in the South China Sea.”

Aquilino told AP that “over the past 20 years we’ve witnessed the largest military buildup since World War II by the PRC.”

“They have advanced all their capabilities and that buildup of weaponization is destabilizing to the region,” he said.

He also said that any military and civilian plane flying over the disputed South China Sea “could easily get within range of the Chinese islands’ missile system.”

China has yet to respond to Aquilino’s statement in the report but Beijing has said that it is committed to “managing differences and disputes through dialogue, and addressing disputes through negotiation, consultation, and peaceful manner, and exploring ways to achieve mutual benefit through cooperation.”

Six parties including Brunei, China, Malaysia, the Philippines, Taiwan and Vietnam hold competing claims to the South China Sea, but China’s claims are the most expansive.

An international tribunal in 2016 rejected China’s claims but Beijing refused to accept the ruling.

Continued drills

Meanwhile in China, the Hainan Maritime Safety Administration on March 19 issued a new navigation warning banning ships from entering an area in the Gulf of Tonkin for 20 days, until April 9, due to military exercises.

This area was already closed for live-fire drills from March 4 to March 15. The Taiwanese intelligence agency said on March 10 that the closure might have been for the Chinese military to carry out search-and-rescue for an aircraft which reportedly crashed in the sea earlier this month.

China has not acknowledged any plane crash.

Part of the closed area lies within Vietnam’s exclusive economic zone (EEZ) and the Vietnamese Foreign Ministry protested, asking China to respect its EEZ and continental shelf.

China’s Foreign Ministry replied, saying that “it is reasonable, lawful and irreproachable for China to conduct military exercises on its own doorstep.”

Vietnam and China reached an agreement to demarcate their share of most of the Gulf of Tonkin in 2000 but their negotiation on the mouth of the gulf has stagnated.

Taiwanese intelligence officials have warned that as the world is focused on the war in Ukraine, China is taking advantage of the situation to “test the limits of the U.S. and other South China Sea claimants.”

Source: Radio Free Asia

Taiwan’s Chou loses to Axelsen in All England Open semifinal

Taiwan men’s badminton ace Chou Tien-chen (???) lost to world No. 1 Viktor Axelsen of Denmark in straight sets in the men’s singles semifinal at the All England Open on Saturday.

Fourth seed and world No. 4 Chou was no match for top seed Axelsen, losing 21-13, 21-15, in 48-minutes, at the prestigious Super 1000 tournament in Birmingham, England, which carries a total purse of US$1 million.

The defeat brought the head-to-head between Axelsen and the 32-year-old Chou to 14-2 in the Dane’s favor.

Chou was runner up at the 2020 All England Open, the best ever performance by any male shuttler from Taiwan in the event.

Axelsen’s opponent in the final will be Lakshya Sen of India after the 20-year-old ousted defending champion Lee Zii Jia from Malaysia 21-13, 12-21, 21-19 earlier in the day.

Meanwhile, in the women’s singles, world champion Akane Yamaguchi from Japan faces 20-year-old South Korean An Seyoung in the final. An defeated Taiwan’s Tai Tzu-ying (???) earlier Saturday in straight sets, 21-19, 21-13.

Founded in 1899, the All England Open is the world’s oldest badminton tournament.

Source: Focus Taiwan News Channel

Academia Sinica launches scholarship program for Ukrainians

Taiwan’s top research institute, Academia Sinica, will offer scholarships to Ukrainian students and scholars, allowing them to stay in the country for at least three months amid an ongoing Russian invasion of their country.

The Taiwan Scholarship Program for Ukrainian Students and Scholars began accepting applications from March 16, the research institute said in an online announcement that same day. Applications are open until further notice.

The program is open to Ukrainian nationals who are either undergraduate, master, or PhD students, as well as Ukrainian scholars with a PhD degree in the fields of humanities and social sciences, mathematics, and physical sciences, and life sciences.

According to Academia Sinica, the program will accept 15 scholars and an undisclosed number of students from Ukraine. Those who are interested in applying can visit the English-language webpage at https://institution.pan.pl/index.php/759-academia-sinica-taiwan-scholarships-for-ukrainian-students.

The program will cover the cost of round-trip flight tickets and accommodations, and provide a living expenses subsidy of NT$15,000 (US$528.70) per month for undergraduate students, and NT$20,000 a month for master and PhD students.

For scholars, the living expenses subsidy will be NT$66,950 a month, according to Academia Sinica.

The duration of the program is set at three months with the possibility of extensions.

The program is co-sponsored by Taiwan’s Ministry of Science and Technology.

The scholarship announcement was made after Academia Sinica had earlier said in a March 10 statement that it objected to “any and all acts of violence that destroy world peace and violate human rights.”

“At this point in time, our chief concern is the safety of Ukrainian scholars and students. We hereby call on the worldwide community to do its utmost in supporting them. It is our sincere hope that all of us can strive to restore world peace and the rules-based international order,” it said.

Taiwan’s government announced early last week that it was considering allowing Ukrainian students and scholars to come to Taiwan for temporary stays, as part of the government’s efforts to assist refugees from the eastern European country.

The Ministry of Foreign Affairs announced on March 11 that Ukrainian nationals could apply to visit Taiwan if they had relatives in the country who were either Taiwan nationals or held local residency.

Currently, there are over 200 Ukrainians with residency in Taiwan.

Source: Focus Taiwan News Channel

CORONAVIRUS/Taiwan reports 121 new COVID-19 cases, including 3 domestic

Taiwan reported 121 new COVID-19 cases — three domestically transmitted and 118 that originated abroad — and no new deaths from the disease on Sunday, according to the Central Epidemic Command Center (CECC).

The three new domestic cases were residents of Taipei, Chiayi County, and Tainan, CECC spokesperson Chuang Jen-hsiang (???) said in a pre-recorded video.

The residents of Taipei and Chiayi County are both connected to a cluster involving a wedding held in Chiayi City on March 13, bringing the number of cases recorded in the cluster to six.

Of the six, five were guests at the wedding, while one is a relative of one of the guests, Chuang said.

The CECC is still looking into the source of the cluster, he added.

The third domestic case tested positive in quarantine, and her infection is related to a cluster of unknown origin in which the first reported case was a buffet restaurant employee in Kaohsiung.

The cluster has recorded 29 cases to date, according to Chuang.

Currently, the CECC is monitoring five domestic clusters and three individual cases, all of unknown origin, in Taiwan.

Genome sequencing conducted on patients in three clusters and one individual case found that they were infected with two different versions of the Omicron variant, CECC data shows.

Two of the domestic cases reported Sunday had received three COVID-19 vaccine shots, while the third was unvaccinated.

In addition to the three new domestic cases, the CECC also reported 118 imported cases on Sunday, including 64 travelers who tested positive on arrival in Taiwan. The CECC did not release any information regarding the vaccination status of the imported cases.

To date, Taiwan has confirmed 21,905 COVID-19 cases since the pandemic began in early 2020, including 15,503 domestically transmitted infections.

With no deaths reported Sunday, the number of confirmed COVID-19 fatalities in the country remains at 853.

Source: Focus Taiwan News Channel

Meltwater and Play Magnus Group announce the Meltwater Champions Chess Tour Charity Cup

OSLO, Norway, March 18, 2022 (GLOBE NEWSWIRE) — Meltwater, a leading provider of social and media intelligence, together with the Play Magnus Group is pleased to announce the next tournament in the Meltwater Champions Chess Tour — the Charity Cup — a fundraiser for UNICEF and their work supporting families affected by the war in Ukraine.

Deeply troubled by the Russian invasion of Ukraine, Meltwater and Play Magnus Group have come together to find a way to support humanitarian efforts for those who are in the country or have evacuated. The Charity Cup will serve as a fundraiser for UNICEF and their life-saving support for children and their families in the areas of health, nutrition, sanitation and more. The UN reports that more than 2.8 million people have been forced to flee the Ukraine as refugees since 24 February, and at least 2 million more have been displaced within the country.

The tournament runs March 19 – March 26, with activations benefitting UNICEF throughout. Viewers can join the Tour in their support of humanitarian work to help families affected by this war with a donation here: https://www.unicef.no/stott/privat/donasjon/chess-tournament

“Together with Play Magnus Group, Meltwater is honored to lend our support to UNICEF as they provide vital assistance to families still in Ukraine and those who have been forced to flee from their homes. We believe in the power of sport for good and tech for good, and how we can come together in moments of need to support the most vulnerable,” said Zubair Timol, VP of Global Culture at Meltwater.

“As a global organization serving millions of chess fans around the world, we are humbled to be in a position to organize our upcoming tournament, the Charity Cup, as a fundraiser for UNICEF to support their vital humanitarian activities in and around Ukraine,” said Andreas Thome, CEO Play Magnus Group.

The tournament begins March 19 featuring 16 Grand Masters competing, including World Chess Champion Magnus Carlsen and Women’s World Champion Ju Wenjun. Coverage will be provided by chess24 and available on Play Magnus Group channels in several languages, and in Norway, the event will be broadcast live on TV 2.

The Meltwater Champions Chess Tour, the world’s leading online chess tour, continues to break records in terms of press, TV, and social media attention. Following the huge success of the last tournament in the series, the Airthings Masters, which generated a potential reach of 570 million on social media, the Tour has reached more than 1 billion potential media impressions and over 2500 articles published across the world in over 10 languages. The Tour partners hope to channel this momentum into support of the humanitarian work UNICEF is doing to help Ukrainian families at this critical time.

For more information contact:
pr@meltwater.com

About Meltwater
Meltwater provides social and media intelligence. By examining millions of posts each day from social media platforms, blogs and news sites, Meltwater helps companies make better, more informed decisions based on insight from the outside. The company was founded in Oslo, Norway, in 2001 and is headquartered in San Francisco, California, with 50 offices across six continents. The company has 2,200 employees and 27,000 corporate customers, including industry leaders in several sectors. Learn more at meltwater.com.

About the Meltwater Champions Chess Tour
The Champions Chess Tour is the leading online chess Tour worldwide determining the world’s best chess player over a full competitive season of online chess. The 2022 season begins in February 2022 and features monthly tournaments culminating in a Final in November 2022. The best chess players in the world are competing in rapid chess. All games take place online on www.chess24.com with players competing for a total prize pool of over USD 1.5 million. The MCCT is operated by Play Magnus Group listed on Euronext Growth Oslo under the ticker PMG. For more information visit www.championschesstour.com.

Petróleos Internacionales del Caribe and EXCEL Announce Signing Strategic Operational Partnership MOU

HOUSTON, March 18, 2022 (GLOBE NEWSWIRE) — Petróleos Internacionales del Caribe (“PIC”) and its operating division in Mexico, Petróleos Internacionales del Caribe Inc., Sucursal México (“PICMEX”) and EXCEL (“EXCEL”™) jointly announced today the signing of a Memorandum of Understanding (“MOU”) exclusive agreement with PIC for the total commercialization and build-out of its key Export Facilities in Houston, TX together with compressed storage systems for various fuels and key gas pipeline forward positions for the required fueling elements for its Maritime and Terrestrial Operations. The operations will be vital to the Americas and the United Mexican States with PIC one of kind solutions with its other key partnership.

The MOU and exclusive partnership between PIC and EXCEL represent a significant investment milestone in the commercialization of the export facilities and receiving terminals, as it signals the commencement of project specific pre-FEED (Front End Engineering Design) studies by PIC’s other partner for the delivery of its maritime and terrestrial operations that will ensure uninterrupted shipments by PIC and its other exclusive partnership for decades to come.

These studies will cover the design of the production and export terminals, receiving terminals and plants, along with the Fleet that will be built to transport and deliver fuel to PIC’s markets in Mexico and throughout the Americas. Following completion of the pre-FEED studies and Final Investment Decision (FID) by PIC, PIC and its partner will undertake the FEED for final design and construction for the projects in Mexico that PIC has positioned thus far.

“EXCEL is very enthusiastic about partnering with PIC, and looks forward to a long and mutual growing relationship building out state of the art export and strategic pipeline operations.” Jason Hardwick, President of EXCEL Midstream Solutions. “EXCEL looks forward to partnering and providing PIC our best-in-class service across the entire project life cycle.” Dave Roberts, CEO of EXCEL

“These projects will provide Mexico, and other countries in Central and South America, and the Americas with affordable fuels and power, as well as significant carbon emissions reductions, a key component in achieving sustainability and balanced for PIC and its Partner.”

“We are excited to take this significant step with EXCEL,“ said Michael Hood, CEO of PIC. “Through this exclusive operational partnership, PIC and EXCEL will accelerate commercialization of the Export Facilities to help meet the fuel supply and electricity needs of PIC’s customers in Mexico and throughout the Americas while substituting higher-emission fuels to continue driving down emissions towards a greener brighter future.”  In addition to the thousands of new employment opportunities, this operation will bring forth to the Great State of Texas over the next decade.

About Petróleos Internacionales del Caribe and Petróleos Internacionales del Caribe Inc., Sucursal México

Petróleos Internacionales del Caribe (“PIC”) is a global company based in the USA. The company develops and operates a variety strategic related operations with its key partnerships. Petróleos Internacionales del Caribe Inc., Sucursal México (“PICMEX”) is an affiliate of PIC and is headquartered in Mexico. For more information, please visit www.pic-sas.com

About EXCEL

EXCEL is a premier provider of full service civil, structural, mechanical, fabrication, electrical and instrumentation engineering, construction, and maintenance services, as well as disaster recovery services. EXCEL has a long successful history of managing and meeting the challenging schedules and budgets of projects of all sizes, and we are consistently recognized for our exemplary safety record and work quality. Our experience, breadth of projects, dedication to safety and excellent corporate culture help us attract and retain the most highly skilled team of craft and supervisors available to serve our clients’ needs. For more information, please visit www.excelusa.com and www.excelmidstream.com

For media queries, please contact:

Jay Shahidi
PIC USA-PIC Mexico
info@pic-sas.com
+1 714 553 7482

Sales at top 10 contract chipmakers hit Q4 high, TSMC retains No. 1 spot

The world’s top 10 pure-play foundry operators saw sales hit a new quarterly high in the fourth quarter of last year, for the 10th consecutive quarter, with Taiwan Semiconductor Manufacturing Co. (TSMC) retaining its position as the world’s largest contract chipmaker, according to Taipei-based market information advisory firm TrendForce Corp.

In a research report, TrendForce said the 10 largest contract chipmakers in the world generated US$29.55 billion in sales in the October-December period, up 8.3 percent from a quarter earlier, accounting for 98 percent of the global total.

TSMC posted US$15.75 billion in revenue in the fourth quarter, up 5.8 percent from a quarter earlier and accounting for 52.1 percent of the global total, TrendForce’s data showed.

TrendForce said TSMC benefited from the debut of the iPhone 13 series, which went on global sale in September and boosted the shipment of chips made using its advanced 5 nanometer process in the fourth quarter. However, that growth was offset by the fact that shipments of chips made using the company’s 7nm and 6nm processes were impacted by a weaker Chinese smartphone market.

Nevertheless, TSMC continued to command more than 50 percent of the global market, leaving its rivals at home and abroad far behind, TrendForce said.

Other top chipmakers

Among the world’s top 10, Taiwan’s United Microelectronics Corp. (UMC) took third spot after generating US$2.12 billion in sales in the fourth quarter, up 5.8 percent from a year earlier and accounting for 7.0 percent of the global market.

Powerchip Semiconductor Manufacturing Corp. (PSMC) and Vanguard International Semiconductor Corporation (VIS) from Taiwan took seventh and eighth places with US$619 million and US$458 million in sales, respectively, or a 2.0 percent and a 1.5 percent share of the world market.

South Korea’s Samsung Electronics Corp. came second after posting US$5.54 billion in sales in the fourth quarter, up 15.3 percent from a quarter earlier. Samsung accounted for 18.3 percent of total global sales.

As Samsung is one of the few contract chipmakers with its own 7nm process, and production based on its 5nm and 4nm processes is on the rise, the South Korean supplier saw its fourth quarter sales rise at double digit pace, TrendForce said.

Samsung’s sales were also pushed up by smartphone IC designer Qualcomm Inc., whose chips used in flagship smartphone models entered commercial production.

U.S.-based GlobalFoundries Inc. posted US$1.85 billion in sales in the fourth quarter to take the No. 4 place or a 6.1 percent share, ahead of China’s Semiconductor Manufacturing International Corp. (No. 5, US$1.58 billion in sales), Shanghai-based HuaHong Group (No.6, US$864 million), Israel’s Tower Semiconductor Ltd. (No. 9, US$412 million), and South Korea’s Nextchip Corp. (No. 10, US$352 million).

Looking ahead, TrendForce said, the top 10 contract chipmakers are expected to enjoy sales growth in the first quarter of this year largely on the back of an increase in average sales prices.

Source: Focus Taiwan News Channel