The TAIEX fell, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), after Salomon Smith Barney Inc said Intel Corp's quarterly sales will decline, raising concern the industry's growth is slowing.
"Profit growth hasn't caught up with sales growth" in Taiwan, said Vincent Hu, who helps manage NT$24 billion (US$685 million) of Taiwan equities at Fubon Securities Investment Trust Co (
The TAIEX fell 12.54, or 0.2 percent, to 6046.52. Within the index, 341 stocks gained, 139 stocks declined, while 73 were unchanged. The total value of trade rose 4 percent to NT$116 billion (US$3.3 billion).
Made-to-order chipmakers and computer-related stocks fell.
Salomon Smith Barney said quarterly sales of Intel will decline, dragging down all 17 members of the widely watched Philadelphia Semiconductor Index, a price-weighted index of 17 companies that design and make chips.
TSMC, the world's biggest maker of chips for other companies, fell NT$2, or 2.1 percent, to NT$94. United Microelectronics Corp (
Advanced Semiconductor Engineering Inc (
Computer-memory-chipmakers fell after the price of 128MB dynamic random access memory chips and high-speed memory chips fell yesterday, according to DRAM Exchange, a market place for memory chips. The price of a standard 128-dynamic-random-access memory-chip fell 3.5 percent to US$4.20.
Winbond Electronics Corp (華邦), Taiwan's No. 2 computer-memory-chipmaker by market value, fell 80 cents, or 3.1 percent, to NT$25.40. Nanya Technology Corp (南亞科技), the largest, fell NT$1.60, or 3.7 percent, to NT$42.10. Powerchip Semiconductor Corp (力晶半導體) fell 80 cents, or 3.1 percent, to NT$24.90. ProMos Technologies Inc (茂德), fell NT$1.90, or 6 percent, to NT$29.60. Mosel Vitelic Inc (茂矽), fell 50 cents, or 2.8 percent, to NT$17.70.
Mediatek Inc (聯發科技), a designer of semiconductors for DVD players, fell NT$7, or 1 percent, to NT$705. March sales may gain 6.4 percent to NT$2.5 billion from NT$2.35 billion in January, the Chinese-language Economic Daily News reported, without citing sources. The newspaper didn't provide February figures.
Macronix International Co (
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CONDITIONAL: The PRC imposes secret requirements that the funding it provides cannot be spent in states with diplomatic relations with Taiwan, Emma Reilly said China has been bribing UN officials to obtain “special benefits” and to block funding from countries that have diplomatic ties with Taiwan, a former UN employee told the British House of Commons on Tuesday. At a House of Commons Foreign Affairs Committee hearing into “international relations within the multilateral system,” former Office of the UN High Commissioner for Human Rights (OHCHR) employee Emma Reilly said in a written statement that “Beijing paid bribes to the two successive Presidents of the [UN] General Assembly” during the two-year negotiation of the Sustainable Development Goals. Another way China exercises influence within the UN Secretariat is
LANDSLIDES POSSIBLE: The agency advised the public to avoid visiting mountainous regions due to more expected aftershocks and rainfall from a series of weather fronts A series of earthquakes over the past few days were likely aftershocks of the April 3 earthquake in Hualien County, with further aftershocks to be expected for up to a year, the Central Weather Administration (CWA) said yesterday. Based on the nation’s experience after the quake on Sept. 21, 1999, more aftershocks are possible over the next six months to a year, the agency said. A total of 103 earthquakes of magnitude 4 on the local magnitude scale or higher hit Hualien County from 5:08pm on Monday to 10:27am yesterday, with 27 of them exceeding magnitude 5. They included two, of magnitude
Taiwan’s first drag queen to compete on the internationally acclaimed RuPaul’s Drag Race, Nymphia Wind (妮妃雅), was on Friday crowned the “Next Drag Superstar.” Dressed in a sparkling banana dress, Nymphia Wind swept onto the stage for the final, and stole the show. “Taiwan this is for you,” she said right after show host RuPaul announced her as the winner. “To those who feel like they don’t belong, just remember to live fearlessly and to live their truth,” she said on stage. One of the frontrunners for the past 15 episodes, the 28-year-old breezed through to the final after weeks of showcasing her unique