AI INVESTMENT: Quanta has begun ramping up production of AI servers, which accounted for about 70 percent of revenue, with notebooks dropping to 25 percent
Quanta Computer Inc (廣達), which supplies artificial intelligence (AI) servers powered by Nvidia Corp’s chips, yesterday said it would boost capital expenditure this year by about 40 percent to NT$20 billion (US$660.4 million) from NT$14.2 billion last year to keep pace with growing server demand fro
China Steel Corp (中鋼), the nation’s biggest steelmaker, yesterday announced sweeping price cuts by NT$600 per tonne for domestic delivery next month in response to customers’ conservative demand prospects as they grapple with volatility in foreign exchange rates.The Kaohsiung-based company’s move ca
Taiwanese companies should accelerate their footprint in global markets through mergers and acquisitions (M&As), taking advantage of a shifting geopolitical landscape that has depressed valuations and created a window for strategic expansion, an annual M&A report released yesterday said.The report,
MSCI Inc, a global index provider, has reduced Taiwan’s weighting in two major indices while leaving its weighting in another index unchanged after a regular adjustment.In a statement released overnight, MSCI announced it has downgraded Taiwan’s weighting in the MSCI Emerging Markets Index, closely
Contract notebook computer maker Compal Electronics Inc (仁寶) yesterday reported that its gross margin increased to 5.2 percent in the first quarter this year, the best in nearly 15 years, thanks to better product mix and less dependency on the low-margin electronics manufacturing businesses.With gro
US President Donald Trump’s administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence (AI) ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.Under agreements with the
A man points at a graph on an electronic stock board at the Taiwan Stock Exchange in Taipei yesterday. The TAIEX closed up 452.73 points, or 2.12 percent, at the day’s high of 21,782.87 yesterday, led by a 3.1 percent gain by Taiwan Semiconductor Manufacturing Co following an overnight rally in US t
JUST IN TIME: The NT$5.35 billion in overdue payment from an Indian customer helped drive first-quarter revenue to NT$135.19 billion, up 18 percent from last year
PC vendor Asustek Computer Inc (華碩) yesterday reported a 681 percent surge in net profit for the first quarter, driven by an overdue payment from an Indian cloud service provider and rising PC and artificial intelligence (AI) server shipments.The company’s net profit rose to NT$12.79 billion (US$419
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand.The funds are to be used for installing advanced technology an
Shares in Taiwan yesterday rose as the de-escalation of trade tensions between the US and China provided immediate relief to the nation’s major contract electronics manufacturers, many of which have substantial production capacities in China.The TAIEX closed up 200.6 points, or 0.95 percent, at 21,3
Chip packaging and testing service provider ChipMOS Technologies Inc (南茂科技) yesterday gave a muted revenue outlook for the second half of this year as customers became conservative amid US tariff uncertainty and diminishing front-loading demand.“We are continuing to monitor whether the front-loading
Taiwan’s biggest insurers posted a total loss of almost NT$19 billion (US$624 million) last month due to currency volatility after US President Donald Trump warned of a wave of global trade tariffs.The insurers sustained the worst shortfall in a single month in one-and-a-half years, the Chinese-lang
The US is to cut the low value de minimis tariff on China shipments, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world’s two largest economies.The tariff relief comes in the wake of Beijing and Washington announcing a truce in thei
Visitors look at vehicles on display at the Nissan Gallery inside the headquarters of Nissan Motor Co in Yokohama, Japan, yesterday. The automaker yesterday posted a huge annual net loss of US$4.5 billion, while confirming reports that it planned to cut 20,000 jobs worldwide.
REJOICING: The TAIEX ended up 214.50 points on the back of better market sentiment, with investors anticipating positive leads from Taipei’s Computex trade show next week
World shares and US futures surged yesterday after the US and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since US President Donald Trump began escalating his trade war.For a 90-day period, the US is to cut tariffs on Chinese goods to 30 percent f
Average regular monthly wages in the industrial and service sectors reached NT$47,426, rising 3.03 percent year-on-year to the highest level in 25 years thanks to the artificial intelligence (AI) boom, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The data sugge
Lion Travel Service Co (雄獅旅行社) yesterday said that it will raise wages by up to 20 percent to retain employees and expand its workforce, as outbound travel increases in the post-COVID-19 era.The company plans to invest NT$100 million (US$3.29 million) this year by raising wages 10-20 percent for emp
Taiwan’s tax revenues declined year-on-year last month, driven by sharp drops in stock market turnover and property transactions, as consumer and investor sentiment was dampened by concerns over US tariffs and the central bank’s tightened credit controls, the Ministry of Finance said yesterday.The n
Nissan Motor Co plans to cut 10,000 more jobs worldwide, Japanese media reported yesterday, a day before the struggling carmaker was expected to report a record annual loss of about US$5 billion.Public broadcaster NHK said the decision, in addition to an announcement in November last year that it wo
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