Stocks fell, led by Nanya Technology Corp (南亞科技), as investors are concerned about an oversupply after spot prices of computer-memory chips declined.
The TAIEX fell 6.21, or 0.1 percent, to close at 4,665.56. Trading was worth NT$96.8 billion (US$2.8 billion). About an equal number of shares rose as fell.
Nanya shed NT$1.2, or 4.4 percent, to NT$26.2. Spot prices of high-speed memory chips made by the nation's biggest supplier of the semiconductors fell by 3.8 percent, the largest drop since Aug. 9, according to DRAMeXchange.com, an online marketplace for the chips.
"Excess supply is a big question for the computer-memory chipmakers," said Jessica Chen, who manages NT$2.8 billion in the Precision Fund for Fubon Securities Investment Trust Co (富邦投信).
AU Optronics Corp (友達光電) rose NT$0.60, or 2.6 percent, to NT$24.1 after a Chinese-language newspaper here cited the company president as saying a slide in screen prices has halted.
"A recent decline in liquid-crystal display prices has boosted demand, so we expect panel prices to be stable and even rise in the near future," said Liao Kuo-feng, who manages Prudential Securities Investment Trust Co's (
China Steel Corp (中鋼) fell NT$0.50, or 2.5 percent, to NT$19.5 after the steelmaker said it may buy as much as 10 percent of its shares from the government to help boost the stock price, chairman Kuo Yen-too said.
Sampo Corp (聲寶) rose NT$0.55, or 4.2 percent, to NT$13.8 after the consumer-electronics maker, 7 percent owned by Japan's Sharp Corp, said it boosted sales of large flat-screen televisions to become the world's fifth-largest supplier, a local newspaper reported.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
RSS