Stocks surged, posting its biggest weekly gain in 10 months, after earnings reports boosted expectations of an economic rebound.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) rose by its daily limit.
Hon Hai Precision Industry Co (鴻海精密) and other suppliers to Nokia Oyj rallied after the world's biggest mobile-phone maker said third-quarter profit more than tripled.
The TAIEX climbed 177.36, or 4.1 percent, to close at 4,458.17. The index rose for the first week in five. Its 16 percent advance was its biggest weekly rise since Dec. 7 and the second biggest in 12 years. Only 16 of the index's 597 stocks fell. The total value of trade was NT$123.75 billion, the highest since April 25.
Microsoft Corp boosted its full-year earnings forecast, while International Business Machines Corp reported third-quarter sales rose and Advanced Micro Devices Inc said it expects a 20 percent increase in fourth-quarter revenue.
"The profit numbers coming out of these companies are pretty strong," said Lin Kuan-ho, who manages NT$1.7 billion (US$48.8 million) in stocks at First Global Investment Trust Co (
TSMC, the world's biggest supplier of made-to-order chips, jumped 6.9 percent to NT$46.50, its daily limit. Its shares advanced 30 percent this week.
United Microelectronics Corp (聯電) rose 6.6 percent to NT$25.70, and surged 27 percent for the week.
Hon Hai, which makes components for Nokia's mobile phones, rose 4.1 percent to NT$128.
Nanya Technology Corp (南亞科技), a largest maker of high-speed memory chips, jumped NT$1.60, or 6.8 percent, to NT$25.30. Prices for high-speed computer-memory chips may rise as orders from computer makers surge and chip distributors kept inventories low, a Chinese-language newspaper reported.
BenQ Corp (明基電通) rose NT$1, or 2.1 percent, to NT$48 after Seiko Epson Corp, Japan's largest inkjet printer maker, placed an order for scanners with Taiwan's largest mobile-phone maker.
Ichia Technologies Inc (毅嘉科技) rose NT$1.20, or 2.6 percent, to NT$47.40. The maker of mobile-phone keypads said pretax profit in the first three quarters was NT$275 million, up 29 percent from a year ago. Ichia expects fourth-quarter sales to rise more than 10 percent over the previous three months.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
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