Securities houses welcomed vice president and KMT presidential candidate Lien Chan's (
Lien's plans include streamlining administrative procedures so that OTC-listed companies can easily switch to the Taiwan Stock Exchange. In addition, Lien vowed to extend trading hours into the afternoon later this this year and said the second OTC board would be operational by April.
"It is inarguably a move in the right direction," said K.P. Liu (
Huang Ming-chu (
Meanwhile, the OTC market will become a preparatory market for public companies before they are listed on the Exchange.
Any company with capitalization of less than NT$500 million will not be able to list its shares directly on the Exchange; instead, it will have to trade on the OTC board first.
Huang also noted that 120 companies now listed on the OTC would be able to list on the TSE, and the number of TSE companies would eventually increase from 400 to more than 700.
By increasing the number of listed companies to more than 700, Taiwan's securities market would become one of the largest in Asia, thus attracting more foreign investment.
And the move could turn out to be a bargaining chip when it comes to negotiations for dual-listings on other international stock exchanges.
In addition, after the mechanism for OTC second board is established -- which is expected by the end of March -- about 150 new companies may be listed on OTC market, followed by 200 more the next year, Huang said.
Lien said that easier listing requirements for the second OTC board would help companies in the high-technology sectors and small and medium business, which could use the securities market to raise much-needed funds.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
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