Stocks rose for the first day in five, paced by computer-parts makers such as Mitac International Corp (
TAIEX gained 36.27, or 0.9 percent, to 4,222.22. Almost two stocks rose for every one that fell.
Trading was at NT$54 billion (US$1.54 billion).
Mitac, which makes computers and parts for customers such as Dell Computer Corp, expects shipments to surge in the three months to November as companies use their remaining budgets before the end of the year and customers in Europe place orders after the summer holidays, said Mitac president Francis Tsai (
Asustek Computer (華碩電腦), rose 3.8 percent to NT$83 on newspaper reports that the motherboard maker said orders are surging in the final week of the month.
The TAIEX fell 14 percent in the past month on concern fourth-quarter demand may fall below expectations because of a slowing economic recovery in the US.
"Christmas hasn't been canceled -- it's not going to be as bad as expected," said Mike Hsiao, who manages NT$500 million (US$14 million) in stocks at Invesco Taiwan (
"We're buying motherboard and notebook computer makers," Hsiao said.
Ambit Microsystems Corp (
The maker of modems and power units said sales this month may rise almost a 10th from August to NT$2 billion as shipments of high-speed cable modems to customers such as Yahoo Japan Corp surge.
Cathay Financial Holding Co (國泰金控) rose NT$1.10, or 2.8 percent, to NT$40.10.
The company plans to spend as much as NT$3.08 billion to buy back 50 million shares, or 0.8 percent of its shares. The buyback started yesterday and ends on Oct. 25. Cathay said it will submit an application to Chinese regulators in January to open a branch in China.
Chi Mei Optroelectronics Corp (
Taiwan Semiconductor Manu-facturing Co (
The US-traded shares of the world's largest supplier of made-to-order chips surged 3.9 percent to US$6.88 yesterday.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
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