Taiwan's stocks fell, paced by BenQ Corp (
``That may delay shipments and will increase costs,'' said Phil Chen, who manages NT$900 million ($25.7 million) in stocks at Grand Cathay Securities Investment Trust Co (大華投信).
``Personal computer and PC monitor makers, which ship most of their products by sea, will be most affected by the port closures.''
TAIEX shed 8.19, or 0.2 percent, to 4067.79. The index fell for a third week, sliding 3.4 percent as US West Coast port closures disrupted shipments and Advanced Micro Devices Inc said third-quarter sales missed its forecast.
BenQ, which also makes computer monitors and DVD players, fell 2.2 percent to NT$40. BenQ may send US-bound shipments to Vancouver, Mexico or the US East Coast to avoid the West Coast port shutdowns, the newspaper reported.
The nation's computer-monitor makers, which mostly ship products by sea, have one to two week's supply in the US, the paper said.
Winbond Electronics Corp (
The price of a benchmark type of dynamic random access memory chip rose 1.9 percent yesterday, and 5 percent this week, according to DramExchange.com, a Taiwan-based clearing house.
More than three stocks fell for every two that rose.
The total value of trade was NT$44.63 billion, a quarter below the three-month average.
Compal Electronics Inc (
Taiwan's second-largest notebook-computer maker sold $300 million of bonds convertible into shares to overseas investors. Compal has said the proceeds will be used to purchase goods overseas.
Powerchip Semiconductor Corp (
Powerchip Semiconductor is Taiwan's third-largest maker of computer-memory chips. The company will start supplying memory chips to Japan's Elpida Memory Inc and multipurpose semiconductors to Mitsubishi Electric Corp.
First Commercial Bank (
Taiwan's largest publicly traded lender by assets said it plans to sell NT$30 billion of bonds that will mature in two to 10 years.
STILL HOPEFUL: Delayed payment of NT$5.35 billion from an Indian server client sent its earnings plunging last year, but the firm expects a gradual pickup ahead Asustek Computer Inc (華碩), the world’s No. 5 PC vendor, yesterday reported an 87 percent slump in net profit for last year, dragged by a massive overdue payment from an Indian cloud service provider. The Indian customer has delayed payment totaling NT$5.35 billion (US$162.7 million), Asustek chief financial officer Nick Wu (吳長榮) told an online earnings conference. Asustek shipped servers to India between April and June last year. The customer told Asustek that it is launching multiple fundraising projects and expected to repay the debt in the short term, Wu said. The Indian customer accounted for less than 10 percent to Asustek’s
‘DECENT RESULTS’: The company said it is confident thanks to an improving world economy and uptakes in new wireless and AI technologies, despite US uncertainty Pegatron Corp (和碩) yesterday said it plans to build a new server manufacturing factory in the US this year to address US President Donald Trump’s new tariff policy. That would be the second server production base for Pegatron in addition to the existing facilities in Taoyuan, the iPhone assembler said. Servers are one of the new businesses Pegatron has explored in recent years to develop a more balanced product lineup. “We aim to provide our services from a location in the vicinity of our customers,” Pegatron president and chief executive officer Gary Cheng (鄭光治) told an online earnings conference yesterday. “We
LEAK SOURCE? There would be concern over the possibility of tech leaks if TSMC were to form a joint venture to operate Intel’s factories, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday stayed mum after a report said that the chipmaker has pitched chip designers Nvidia Corp, Advanced Micro Devices Inc and Broadcom Inc about taking a stake in a joint venture to operate Intel Corp’s factories. Industry sources told the Central News Agency (CNA) that the possibility of TSMC proposing to operate Intel’s wafer fabs is low, as the Taiwanese chipmaker has always focused on its core business. There is also concern over possible technology leaks if TSMC were to form a joint venture to operate Intel’s factories, Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺)
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
RSS