Shares of solar cell makers rose yesterday on news of more stable material supply and surging crude oil prices, with both Motech Industries Inc (
World oil prices set fresh record prices yesterday because of fears that a Turkish incursion into Iraq to pursue Kurdish rebels could disrupt supply.
Shares of solar cell makers have become a favorite target for investors when oil prices spike. The sector has also benefited from government incentives to nurture this burgeoning industry.
Shares of Motech, the nation's largest solar cell maker rose 6.9 percent to close at NT$363.5 on the GRETAI Securities Market.
Motech has said it planed to expand annual output from 180 megawatts to 280 megawatts next year.
Shares of E-ton, the nation's second-largest solar cell maker, was supported by recent news that it had obtained steady material supply from Japan-based M. Setek Co and US-based Adema Technologies Inc.
The company said earlier that it planned to increase its output from 70 megawatts this year to 150 megawatts next year and to 1,000 megawatts by 2011, the online news outlet cnyes.com reported yesterday, without citing sources.
The stock advanced 6.9 percent to close at NT$401 on the GRETAI market.
Chen Hung-wei (陳弘韋), an analyst who covers solar stocks at IBT Securities Investment Consulting Co (台灣工銀證券投顧), said both E-ton and Sino-American Silicon Products Inc (中美晶) should fare well in the medium to longer-term given adequate material supplies.
Shares of Sino-American Silicon rose 1.4 percent to NT$322.
Chen estimated that E-ton's net profit this year would rise 38.1 percent year-on-year to NT$1.01 billion, while Sino-American Silicon's would surge 82 percent to NT$1.84 billion.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
The New Taiwan dollar yesterday fell sharply against the US dollar to close at its lowest level since May 22 amid a massive outflow of funds from the country because of investors panicking over global equity markets. The NT dollar ended at NT$31.580 against the US dollar, slightly lower than its close of NT$31.568 on May 22, after moving between NT$31.5 and NT$31.648 on combined turnover of US$3.062 billion on the Taipei Foreign Exchange and the Cosmos Foreign Exchange. The NT dollar received a significant hit in the morning session, slumping as much as NT$0.173 at a time when other Asian currencies
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is now ranked ninth among the world’s 100 most valuable companies after its market capitalization more than doubled over the past year, PricewaterhouseCoopers (PwC) Taiwan said in a report last month. TSMC’s market capitalization surged 101 percent year-on-year to US$1.427 trillion as of March 31, the accounting and consulting firm’s 2026 Global Top 100 Companies by Market Capitalization report said. The gain catapulted the world’s largest contract chipmaker from 12th place to ninth in the rankings, and it was the fastest-growing among the global top 10, it said. TSMC was the only Taiwanese company among the top
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported record revenue of NT$416.975 billion (US$13.17 billion) for last month, putting the world’s largest contract chipmaker on track to set a record for quarterly revenue. Last month’s figure surpassed March’s record NT$415.19 billion and represented increases of 1.5 percent from April and 30.1 percent from a year earlier. For the first five months of the year, TSMC generated NT$1.96 trillion in revenue, up 30 percent year-on-year, it said in a statement. TSMC has forecast second-quarter revenue of between US$39 billion and US$40.2 billion, representing sequential growth of about 10 percent and year-on-year growth of about
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