■ Index to drop Quanta
Taiwan Stock Exchange Corp and FTSE International Limited (FTSE) announced yesterday that as Quanta Display Inc (廣輝電子) will be acquired by AU Optronics Corp (友達光電), the world's third-largest maker of liquid-crystal-display (LCD) panels, Quanta's stock will be removed from the TSEC Taiwan 50 Index, effective from next Wednesday.
Quanta Display's vacancy will be filled by Largan Precision Co (大立光), as the nation's leading maker of camera lenses has the 51st highest market capitalization among listed companies in Taiwan, the stock exchange said.
Largan is now included in the TSEC Taiwan Mid-Cap 100 Index, and its position in the index will be filled in by Kinki Co (中國砂輪), a grinding wheel maker, the exchange said.
As Quanta is also included in the TSEC Taiwan Technology Index, the company will be deleted there also, the exchange said.
■ TV station for kids to debut
Nickelodeon Networks Asia and Taiwan's Eastern Broadcasting Co (東森電視) have joined forces to debut "YoYo Nick," a three-hour localized Nickelodeon-branded programming block for kids in Taiwan to be aired on Monday.
Children will be able to enjoy the Mandarin-language versions of Nickelodeon's popular animations on Eastern Broadcasting's dedicated children's channel, YoYo TV.
■ NT rises against greenback
The New Taiwan dollar gained more ground against its US counterpart, advancing NT$0.017 to close at NT$32.897 on the Taipei foreign exchange market.
Turnover was US$680 million.
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
DOMESTIC COMPONENT: Huang identified several Taiwanese partners to be a key part of Nvidia’s Vera Rubin supply chain, including Asustek, Hon Hai and Wistron Nvidia Corp chief executive officer Jensen Huang (黃仁勳), addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship artificial intelligence (AI) processors would help generate US$1 trillion in sales through next year. During a two-and-a-half-hour keynote address, Huang announced plans to push deeper into central processing units (CPUs) — Intel Corp’s home turf — and introduced semiconductors made with technology acquired from start-up Groq Inc. The company even said it was developing chips for data centers in outer space. At the heart of Huang’s speech was the message that demand for computing power
China is clamping down on fertilizer exports to protect its domestic market, industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the US-Israeli war on Iran. China is among the largest fertilizer exporters — shipping more than US$13 billion of it last year — and it has a history of controlling exports to keep prices low for farmers. Shipments through the war-blocked Strait of Hormuz account for about one-third of the sea-borne supply. This month, Beijing banned exports of nitrogen-potassium fertilizer blends and certain phosphate varieties, sources said. The ban, which has not
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