Taiwan share prices fell for the fifth time in six days yesterday amid continuing worries over the fallout from the US subprime mortgage sector, with Wall Street's weaker finish contributing to the caution, dealers said.
"Subprime fallout remains an overhanging issue for investors, and exporters are vulnerable to falling US demand," said Sam Hsieh (
The weighted index closed down 15.80 points, or 0.17 percent, at 9,292.80, off a low of 9,278.01 and a high of 9,368.46. Turnover was NT$151.43 billion (US$4.67 billion).
However, investors stopped short of taking a more aggressive stance over uncertainty about whether the government will act on a proposal by Democratic Progressive Party presidential candidate Frank Hsieh (
Meanwhile, Hon Hai Precision Industry Co (
Hon Hai, Taiwan's biggest electronics company, fell NT$5, or 2.1 percent, to NT$230.
Mediatek Inc (聯發科), the world's largest supplier of chips for DVD players, dropped NT$30, or 5.4 percent, to NT$522.
Largan Precision Co (
Largan Precision, a maker of optical lenses and shutters for mobile phones, jumped NT$26.50, or 6.9 percent, to NT$409.50, the biggest gain since Oct. 2.
Wintek Corp (
Meanwhile, Google, owner of the world's most popular Internet search engine, said yesterday it will work with companies including Sprint Nextel Corp and T-Mobile USA Inc on a mobile-phone operating system, code-named "Android."
High Tech Computer Corp (
High Tech, the world's biggest maker by volume of handsets based on Microsoft Corp's Windows operating system, fell NT$8, or 1.3 percent, to NT$622 after rising as much as 1.6 percent.
High Tech was sued by Boothwyn, Pennsylvania-based Replevix on claims it infringed a patent for mobile computer programs. Replevix filed its complaint in federal court in Philadelphia.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components. The manufacturing production index climbed 23.68 percent year-on-year to 108.37, marking the 14th consecutive month of increase, the Ministry of Economic Affairs said. In the first four months of this year, industrial and manufacturing production indices expanded 14.31 percent and 15.22 percent year-on-year, ministry data showed. The growth momentum is to extend into this month, with the manufacturing production index expected to rise between 11 percent and 15.1 percent annually, Department of Statistics
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
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