Stocks rose for the first day in seven yesterday, led by computer chipmakers such as Taiwan Semiconductor Manufacturing Co (TSMC,
The World Semiconductor Trade Statistics industry said on Monday that global chip sales rose 32 percent in the first quarter and reiterated sales will increase by more than 25 percent this year as demand for chips used in mobile phones and personal computer-related products increases.
The TAIEX jumped 158.38, or 2.6 percent, to 6,188.15, for its biggest advance since March 29. The gain snapped a six-day drop in which it fell 11 percent. Nine stocks gained for every one that fell. Taiwan Index futures due in May added 1.9 percent to 6,133.
TSMC, the world's largest supplier of made- to-order computer chips, rose 1.7 percent to NT$59. The company said last Friday that earnings and revenue will rise to a record this year as its plants run at capacity to meet demand.
United Microelectronics Corp (聯電) rose 2.4 percent to NT$30.20.
EVA Airways Corp (長榮) rose 7 percent to NT$14.60. The airline was boosted to "buy" from "hold" by Charles De Trenck, an analyst at Citigroup Inc's Smith Barney unit.
Nan Ya Plastics Corp (南亞塑膠), the nation's largest polyester maker, rose 2.3 percent to NT$45.40. It said sales last month rose 43 percent to NT$13.4 billion (US$402.1 million) from NT$9.4 billion.
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
ARTIFICIAL INTELLIGENCE: The chipmaker last month raised its capital spending by 28 percent for this year to NT$32 billion from a previous estimate of NT$25 billion Contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電子) yesterday launched a new 12-inch fab, tapping into advanced chip-on-wafer-on-substrate (CoWoS) packaging technology to support rising demand for artificial intelligence (AI) devices. Powerchip is to offer interposers, one of three parts in CoWoS packaging technology, with shipments scheduled for the second half of this year, Powerchip chairman Frank Huang (黃崇仁) told reporters on the sidelines of a fab inauguration ceremony in the Tongluo Science Park (銅鑼科學園區) in Miaoli County yesterday. “We are working with customers to supply CoWoS-related business, utilizing part of this new fab’s capacity,” Huang said, adding that Powerchip intended to bridge
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
Microsoft Corp yesterday said that it would create Thailand’s first data center region to boost cloud and artificial intelligence (AI) infrastructure, promising AI training to more than 100,000 people to develop tech. Bangkok is a key economic player in Southeast Asia, but it has lagged behind Indonesia and Singapore when it comes to the tech industry. Thailand has an “incredible opportunity to build a digital-first, AI-powered future,” Microsoft chairman and chief executive officer Satya Nadella said at an event in Bangkok. Data center regions are physical locations that store computing infrastructure, allowing secure and reliable access to cloud platforms. The global embrace of AI