Share prices close higher
Share prices closed 0.58 percent higher yesterday at a six-month high, tracking Wall Street’s overnight gains and strong regional markets, dealers said.
The TAIEX rose 45.50 points to 7,901.50 on turnover of NT$118.42 billion (US$3.7 billion). The index is at its best level since hitting 7,902,44 on June 20.
Gainers led losers 1,413 to 1,247 with 294 stocks unchanged.
TWSE approves Integrated
Taiwan Stock Exchange Corp (TWSE, 台灣證交所) yesterday approved Integrated Memory Logic Ltd’s application to trade shares on the local bourse, the stock exchange said in a statement. No date was set for its first trading day.
With a capitalization of NT$600.4 million (US$18.56 million), the Cayman Islands-registered Integrated Memory is a fab-less semiconductor maker for specific analog and mixed signal integrated circuits, primarily used in the flat panel display and mobile systems.
Founded in 1996 and headquartered in Campbell, California, the company is expanding its global presence in South Korea, Taiwan, China and other Asia/Pacific regions, Integrated Memory’s Web site showed.
The company reported NT$583.2 million pre-tax profit for the first three quarters of this year, or NT$6 in earnings per share. Last year, it made a profit of NT$413.8 million, or NT$5.06 per share.
Cosmos promotes Lo
The board of Cosmos Bank Taiwan (萬泰銀行) yesterday promoted incumbent chief executive Paul Lo (盧正昕) to chairman, replacing outgoing chairman Jeffrey Hendren, the bank said in an exchange filing yesterday.
Lo, former chief executive of SinoPac Financial Holdings Co (永豐金控) and chairman of Bank SinoPac (永豐銀行), will also double as the bank’s acting president until a new successor is found, the exchange filing said.
The bank will be required to notify the Financial Supervisory Commission of Lo’s chairmanship, though no regulator approval is necessary.
TSMC works with Tsinghua
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest custom-chip maker, will cooperate with Beijing’s Tsinghua University on 65-nanometer and 90-nanometer semiconductor technology.
TSMC made the announcement in a statement on its Web site yesterday.
Meanwhile, Advanced Microlectronic Products Inc (元隆電子) plans to sell 258 million shares through a private placement with the price tentatively set at NT$5.89 each, the Hsinchu-based semiconductor maker said in an exchange filing yesterday.
Hon Hai Precision Industry Co (鴻海精密) also plans to raise as much as US$1 billion selling bonds convertible into its stock to overseas investors, the company said on Tuesday.
HSBC executive jailed
A former senior executive in HSBC’s commercial banking department was jailed for 20 months in Hong Kong yesterday for taking a US$60,000 bribe from a client.
The District Court sentenced Taiwanese Chen Ching-hsiao (陳清曉), 47, after he pleaded guilty this month to accepting a bribe, a court spokeswoman said.
As part of his sentencing, Chen was ordered to pay the bank US$60,000, the amount that he accepted to approve a US$10 million loan for a Taiwanese client two years ago, she said.
NT dollar loses ground
The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.005 to close at NT$32.360. Turnover was US$592 million.
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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