TSMC shares rise
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) rose yesterday morning after the world’s largest contract chipmaker gave an upbeat assessment of its sales growth this year at an investors’ conference held one day earlier, dealers said. However, the gains were capped as investors locked in recent gains in the company’s shares, with the stock moving closer to the nearest technical resistance at about NT$110.00, they said. The stock price of TSMC rose 0.98 percent to end at NT$103 yesterday. At the investors’ conference on Thursday afternoon, TSMC chairman Morris Chang (張忠謀) said he expected the world semiconductor foundry business to see sales rise by 10 percent this year, but predicted his company would surpass the industry trend to post double-digit sales growth.
Amtran sells 3 million TVs
Amtran Technology Co Ltd’s (瑞軒), which makes televisions for US TV brand Vizio and Japan’s Funai, yesterday said it has shipped 3 million flat-panel TVs last year with half of the shipment going to the North American market. Amtran expected TV shipments to retain the same level this year, while the company hopes to boost profit by shipping more big TVs and more super-high-definition TVs this year. Last year, Amtran made NT$29.5 billion (US$980 million) in revenue, down 21.17 percent from NT$37.41 billion in 2012.