Stocks gained for a second day yesterday, led by Taiwan Semi-conductor Manufacturing Co (TSMC, 台積電), after Lehman Brothers Holdings Inc said demand for chips used in wireless communications is improving.
Lehman Brothers analysts Daniel Niles and Joseph To upgraded makers of semiconductors for wireless communications, including Texas Instruments Inc, which was raised to "overweight" from "underweight."
"Taiwan Semiconductor will disproportionately benefit more in the industry recovery as its market leading position will give it an edge over others," said Celine Chiang (
The fund has gained 15 percent in the past 12 months, compared with the index's 2 percent advance.
TSMC makes some chips used in Texas Instruments' products.
The TAIEX added 26.88, or 0.5 percent, to 5,287.89. About five stocks gained for very six that declined. About 4.2 billion shares changed hands, 1.5 percent above the average trading in the past three months. The value of trading was NT$103.2 billion (US$3.5 billion), 18 percent above the three-month daily average.
TSMC rose NT$1, or 1.8 percent, to NT$57.50. United Microelectronics Corp (聯電) added NT$0.20, or 0.8 percent, to NT$24.70.
Fubon Financial Holding Co (
First Financial Holding Co (
The company will sell the shares in the form of global depositary receipts for the local currency equivalent of NT$17.5 to NT$17.75 apiece, the banker said. That's a discount to Tuesday's closing price of as much as 14 percent.
Novatek Microelectronics Corp (
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],”
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
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained