The nation’s major poultry producers saw their stock prices tumble yesterday, but were confident that they would not be affected by an outbreak of the H5N2 avian flu virus that has resulted in the culling of about 60,000 chickens in the country.
Charoen Pokphand Enterprise (Taiwan) Co (卜蜂) and Great Wall Enterprise Co (大成長城企業) shares opened down by the maximum allowable 7 percent amid the scare before recovering somewhat by the end of the day on the Taiwan Stock Exchange.
The benchmark index of the main bourse fell 1.35 percent yesterday, dragged down by heavy losses in food shares amid concerns over the avian flu outbreak at poultry farms.
The TAIEX fell 109.7 points to close at 8,004.74 on turnover of NT$107.04 billion (US$3.63 billion).
A total of 956 stocks closed up and 3,551 finished down, with 228 remaining unchanged.
Great Wall Enterprise, the largest chicken provider in Taiwan, closed down 3.73 percent at NT$31, while Charoen Pokphand fell 5.69 percent to NT$15.75.
The two companies said their own chicken farms and contract farms were not affected by the outbreak and stressed that their chicken products were all strictly examined before being shipped to customers.
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
The Taiwan Automation Intelligence and Robot Show, which is to be held from Wednesday to Saturday at the Taipei Nangang Exhibition Center, would showcase the latest in artificial intelligence (AI)-driven robotics and automation technologies, the organizer said yesterday. The event would highlight applications in smart manufacturing, as well as information and communications technology, the Taiwan Automation Intelligence and Robotics Association said. More than 1,000 companies are to display innovations in semiconductors, electromechanics, industrial automation and intelligent manufacturing, it said in a news release. Visitors can explore automated guided vehicles, 3D machine vision systems and AI-powered applications at the show, along
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NVIDIA FACTOR: Shipments of AI servers powered by GB300 chips would undergo pilot runs this quarter, with small shipments possibly starting next quarter, it said Quanta Computer Inc (廣達), which supplies artificial intelligence (AI) servers powered by Nvidia Corp chips, yesterday said that AI servers are on track to account for 70 percent of its total server revenue this year, thanks to improved yield rates and a better learning curve for Nvidia’s GB300 chip-based servers. AI servers accounted for more than 60 percent of its total server revenue in the first half of this year, Quanta chief financial officer Elton Yang (楊俊烈) told an online conference. The company’s latest production learning curve of the AI servers powered by Nvidia’s GB200 chips has improved after overcoming key component
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