Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares fell the most in three months yesterday upon trading resumption, joining a global technology rout as investors dramatically soured on the promises of artificial intelligence (AI).The shares declined 5.62 percent to close at NT$924 in Taipei, d
POSSIBLE HEADWINDS: Fuel and raw material prices sit atop the list of concerns of local firms, followed by US economic trends and foreign exchange movements
Taiwanese manufacturers are looking at an improvement in their operating conditions in the second half of this year, but most would not be running at full capacity due mainly to a lack of business orders, among other things, the Chung-Hua Institution for Economic Research (中華經濟研究院) said yesterday.Th
Advantech Co (研華) expects revenue momentum to gradually strengthen in the second half of this year after its sales and earnings grew last quarter compared with the previous quarter, the nation’s largest industrial PC maker said yesterday, citing customers’ growing interest in its applications amid g
The central bank’s board of directors last month rallied behind a policy rate hold and a 25 basis point increase in the lenders’ reserve requirement ratio that would exert the same tightening effect as rate hikes in cooling the housing market, according to the minutes of the board meeting released y
The establishment of an artificial intelligence (AI) computing center by an alliance of Taiwanese enterprises was announced yesterday, with the aim of advancing Taiwan’s AI capabilities.The AI Computing Center (AICC) will be “the first in Asia” to use Nvidia Corp’s H200 AI chips that have 1.43 times
OpenAI on Thursday said it was putting its artificial intelligence (AI) engine to work in a challenge to Google’s market-dominating search engine.The start-up behind ChatGPT announced that it is testing a “SearchGPT” prototype that is “designed to combine the strength of our AI models with informati
The US Department of Commerce said yesterday it plans to award Amkor Technology Inc up to US$400 million in government grants to help fund the company’s planned US$2 billion advanced semiconductor packaging facility in Arizona.The plant in the city of Peoria, which is estimated to generate about 2,0
Trade representatives interact with visitors at the Bio Asia-Taiwan Exhibition in Taipei yesterday. The annual expo showcases the latest developments in the biotech industry at the Taipei Nangang Exhibition Center’s Hall 1 from yesterday to Monday. About 900 exhibitors set up more than 2,200 booths
GROWTH: TSMC increased its projected revenue growth for this year to more than 25 percent, citing stronger-than-expected demand for AI devices and smartphones
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year from 3.29 percent to 3.85 percent, as exports and private investment recovered faster than it predicted three months ago.The Taipei-based think tank also expects that Taiwan woul
HIGH VALUATIONS: The boom in electric vehicle sales is slowing, and excessive expectations for AI and other technologies are being corrected, experts say
Heavy selloffs in tech stocks hammered equity markets yesterday, tracking a plunge on Wall Street as disappointing earnings caused traders to panic that a long-running rally in the sector might have been overdone. Tokyo’s Nikkei 225 index led the retreat in equities, diving more than 3 percent, with
The US economy accelerated last quarter at a strong 2.8 percent annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.Yesterday’s report from the US Department of Commerce said the GDP picked up in the April-to-June quarter after grow
South Korea’s economy unexpectedly shrank in the second quarter, clocking the sharpest contraction since 2022 as slumping consumer spending undermined an export boom, reinforcing expectations that an interest rate cut could be imminent. GDP for the April-to-June quarter fell by 0.2 percent from the
Sales this year would fall to a range between US$13.2 billion and US$13.7 billion, Franco-Italian semiconductor company STMicroelectronics NV said in a statement yesterday. That is down from a previous range of US$14 billion to US$15 billion.Chipmakers’ results in the quarter have been mixed. SK Hyn
China ratcheted up its effort to reinvigorate its economy yesterday by cutting a key policy rate and interest paid on bank deposits.The move coincided with a downturn in world stocks, extending losses in Chinese markets that have declined this year while share prices soared in many other countries.T
Apple Inc’s market share in China shrank by two percentage points in the second quarter of this year, as the tech giant faced intensifying competition from rivals like Huawei Technologies Co (華為), according to data from market research firm Canalys.The decline underscores the difficulties the US tec
INTEGRATION: Companies have shown a preference to keep divisions in one building, and want modern office spaces that can help boost efficiency, a consultancy said
The vacancy rate for Grade-A offices in Taipei last quarter rose 0.5 percentage points, while rents climbed to a record NT$3,279 per ping (3.3m2), as demand remained healthy, property consultancy REPro Knight Frank (瑞普萊坊) said on Tuesday.Despite the uptick, the 6.4 percent vacancy rate during the Ap
The nation’s five major state-run banks extended NT$101.221 billion (US$3.082 billion) of new mortgages last month, the second-highest amount on record, central bank data released on Tuesday showed.Total new mortgages extended by Bank of Taiwan (臺灣銀行), Land Bank of Taiwan (土地銀行), Taiwan Cooperative
Computing power, which relies on a sufficient electricity supply, is crucial when assessing a nation’s strength, Pegatron Corp (和碩) chairman Tung Tzu-hsien (童子賢) said at an artificial intelligence (AI) forum in Taipei on Tuesday.On the sidelines of the forum discussing how Taiwan can boost its infor
Sales in the retail, and food and beverage sectors continued to grow last month, rising on an annual basis for the 34th and fifth consecutive month respectively, indicating stable domestic consumption, data released on Tuesday by the Ministry of Economic Affairs showed.Retail sales increased 3.9 per
REVENUE WORRIES: Some have voiced concerns that AI-generated query summaries could cause ad revenue to fall as it reduces the need to click into links
Google-parent Alphabet Inc on Tuesday reported profit and revenue that beat expectations as its artificial intelligence (AI)-amped cloud and search ads businesses thrived.The tech giant said its net income for the recently ended quarter was US$23.6 billion on revenue that rose 14 percent to US$84.7