Taiwan stocks rose, led by companies that supply Motorola Inc such as Acer Communications & Multimedia Inc (
"There should be a short-term bounce," said Ingrid Cheng, who helps manage NT$14 billion (US$400 million) in Taiwan stocks at Grand Pacific Investment Trust Co (
The TAIEX Index rose 85.25, or 1.9 percent, to 4,633.54, snapping seven days of decline. Within the index, 379 stocks rose, 58 fell, and 70 were unchanged.
Trading at NT$50.3 billion (US$1.4 billion) was the highest since June 13 and 35 percent lower than the six-month daily average of NT$77.2 billion.
Taiwan Semiconductor Manu-facturing Co (TSMC,
Companies that supply Motorola Inc rose after the second-largest maker of mobile phones reported narrower-than-expected second-quarter loss. Acer Communications & Multimedia, which makes cell phones for Motorola, rose NT$2.1, or 6.8 percent, to NT$32.80. Advanced Semiconductor Engineering Inc (
Chipmakers rose after the Philadelphia Semiconductor Index, a price-weighted index of 16 companies involved in the design, distribution and manufacturing of semiconductors, rose for the first time in five sessions, to 2.9 percent, signaling the shares' decline may be overdone.
TSMC, the biggest made-to-order semiconductor maker, rose NT$2, or 3.3 percent, to NT$63.50. United Microelectronics Corp (UMC, 聯電) rose NT$0.60, or 1.4 percent, to NT$42.90. Winbond Electronics Corp (華邦電子) rose NT$1.3, or 5 percent, to NT$27.20. Macronix International (旺宏電子) rose NT$1.7, or 5.7 percent, to NT$31.70.
Via Technologies Inc (威盛電子) and Acer Inc (宏電) rose on optimism Beijing will win selection as host city for the 2008 summer Olympic Games. Via contributed to Beijing's bid by supplying computers and other promotional items, Chinese-language media reported. Via rose NT$14, or 6.8 percent, to NT$221.
Giant Manufacturing Co (
Microtek International Inc (全友電腦) rose NT$0.30, or 4.2 percent, to NT$7.40. The computer scanner maker is seeking to raise US$54 million by selling shares in Shanghai.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day