The TAIEX rose, as exporters such as Nanya Technology Corp (南亞科技) gained, after a US survey showed consumers in their second-biggest overseas market were more confident than previously estimated.
Nanya Technology rose 60 cents, or 1.8 percent, to NT$33.90.
The TWSE Index added 3.10, or 0.1 percent, to 4858.44 as more than five stocks rose for every two that fell. The total value of trade was NT$63.3 billion ($1.9 billion).
``The US consumer confidence numbers are an excuse for a rebound, though it won't be so big,'' said Karen Lin, who helps manage NT$3 billion (US$89 million) in stocks at Truswell Securities Investment Trust (
Sunplus Technology Co (凌陽科技) -- which posted second-quarter profit of NT$501.4 million, down 15 percent from a year earlier -- fell NT$5, or 6.9 percent, to NT$68.
Chunghwa Telecom Co (
Fubon Financial Holding Co (
Hotai Motor Co (和泰汽車) rose NT$1.10, or 3.6 percent, to NT$32.10 after local media reports that the sales agent in Taiwan for Toyota Motor Corp raised its profit forecast for the year by a quarter to NT$1.71 billion.
Amtran Technology Co (
MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it plans to double investment in data center-related technologies, including advanced packaging and high-speed interconnect technologies, to broaden the new business’ customer and service portfolios. The chip designer is redirecting its resources to data centers, mainly designing application-specific integrated circuits (ASIC) with artificial intelligence (AI) capabilities for cloud service providers. The data center business is forecast to lead growth in the next three years and become the company’s second-biggest revenue source, replacing chips used in smart devices, MediaTek president Joe Chen (陳冠州) told a media event in Taipei. “Three or four years
CHIP HANG-UP: Surging memorychip prices would deal a blow to smartphone sales this year, potentially hindering one of MediaTek’s biggest sources of revenue MediaTek Inc (聯發科), the world’s biggest smartphone chip designer, yesterday said its new artificial intelligence (AI) chips used in data centers are to account for 20 percent of its total revenue next year, as cloud service providers race to deploy AI infrastructure to meet voracious demand. MediaTek is believed to be developing tensor processing units for Google, which are used in AI applications. While it did not confirm such reports, MediaTek said its new application-specific IC (ASIC) business would be a new growth engine for the company. It again hiked its forecast for the addressable ASIC market to US$70 billion by 2028, compared
Until US President Donald Trump’s return a year ago, when the EU talked about cutting economic dependency on foreign powers — it was understood to mean China, but now Brussels has US tech in its sights. As Trump ramps up his threats — from strong-arming Europe on trade to pushing to seize Greenland — concern has grown that the unpredictable leader could, should he so wish, plunge the bloc into digital darkness. Since Trump’s Greenland climbdown, top officials have stepped up warnings that the EU is dangerously exposed to geopolitical shocks and must work toward strategic independence — in defense, energy and
Motorists ride past a mural along a street in Varanasi, India, yesterday.
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