Tatung Company, a privately owned Taiwanese firm founded in 1918, primarily manufactures computer hardware. Employing approximately 1210 people, the company's product line extends beyond computers to encompass a diverse range of digital consumer electronics, such as LCD and PDP televisions, network devices, media players, and home appliances.
Tatung shareholders approved a 5% capital reduction and a cash return of NT$0.5 ($0.016) per share at a meeting on March 17. This action, according to Chairman Wang Kuang-hsiang, forms part of a strategy to increase shareholder value and improve the company’s financial structure. Separately, Tatung University alumni Chen Kun-yang and Lin Kai-ze unveiled a third-generation flying car prototype in Taiwan on March 6. The prototype, developed over seven years, is approximately half the length of a typical sedan. The company also noted the growing need for power infrastructure due to increased global electricity demand driven by the AI industry's expansion. Tatung plans to utilize its group-wide synergies to capitalize on this market opportunity.
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