Stocks fell yesterday, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) after a Chinese-language newspaper reported its sales last month were unchanged from the previous month.
The TAIEX shed 20.41 point to 5,900.05. The index gained 2.2 percent for the week, its first weekly advance in four. The Taiwan Futures Index shed 0.5 percent to 5,904. About six stocks fell for every five that rose.
TSMC shed NT$2, or 3 percent, to NT$65. The company plans to announce its sales figures for last month on Tuesday, said spokesman Tzeng Jinnhaw (曾晉皓).
Asustek Computer Inc (華碩電腦) rose NT$5, or 6.6 percent, to NT$80.50 after a Chinese-language newspaper reported that sales will rise 50 percent next year to NT$300 billion as the company expands its mainland production plant, citing chairman Jonney Shih (施崇堂).
Asustek plans to relocate a Taiwan-based notebook computer unit it bought from Elitegroup Computer Systems Co (精英電腦) earlier this year to Shanghai at the request of customer Apple Computer Inc, the report said.
Asustek denied the report, which it said was "based on estimates of analysts and the media."
AU Optronics Corp (友達光電), the nation's largest maker of flat panel displays, rose US$0.50, or 1.2 percent, to NT$43. AU Optronics said sales last month doubled from a year ago to NT$10.6 billion. AU Optronics' November consolidated sales, including its units, rose to a record NT$11.4 billion, the company said in a statement.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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
RECORD-BREAKING: TSMC’s net profit last quarter beat market expectations by expanding 8.9% and it was the best first-quarter profit in the chipmaker’s history Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which counts Nvidia Corp as a key customer, yesterday said that artificial intelligence (AI) server chip revenue is set to more than double this year from last year amid rising demand. The chipmaker expects the growth momentum to continue in the next five years with an annual compound growth rate of 50 percent, TSMC chief executive officer C.C. Wei (魏哲家) told investors yesterday. By 2028, AI chips’ contribution to revenue would climb to about 20 percent from a percentage in the low teens, Wei said. “Almost all the AI innovators are working with TSMC to address the
FUTURE PLANS: Although the electric vehicle market is getting more competitive, Hon Hai would stick to its goal of seizing a 5 percent share globally, Young Liu said Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler and supplier of artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it has introduced a rotating chief executive structure as part of the company’s efforts to cultivate future leaders and to enhance corporate governance. The 50-year-old contract electronics maker reported sizable revenue of NT$6.16 trillion (US$189.67 billion) last year. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), has been under the control of one man almost since its inception. A rotating CEO system is a rarity among Taiwanese businesses. Hon Hai has given leaders of the company’s six