Stocks fell for the fourth day, led by Chinatrust Financial Holdings Co (
Taiwan Semiconductor Man-ufacturing Co (台積電) advanced after National Semiconductor Corp of the US said it will give it more business.
"TSMC is positioned to be the biggest beneficiary when major US chipmakers pare internal productions to cut costs," said Mike Shiao, who manages the NT$1.1 billion (US$32 million) Growth Fund at Invesco Taiwan Ltd.
The TAIEX shed 2.35, or 0.1 percent to close at 4,548.35. The benchmark climbed as much as 1 percent in intra-day trading. Four stocks fell for every three that gained. For the week, the index rose 1.2 percent.
Trading was worth NT$49.9 billion, about 40 percent below the daily average in the past three months.
Chinatrust Financial dropped NT$0.50, or 1.7 percent, to NT$28.70. Mega Financial lost NT$0.10, or 0.6 percent, to NT$17.20.
The nation's financial market, which has allowed the formation of 14 financial holding companies since 2001, can only support as many as 10 lenders, a local newspaper reported, citing a research report by the central bank.
TSMC rose NT$0.80, or 1.8 percent, to NT$44.90. United Microelectronics Corp (
California-based National Semiconductor expanded an agreement to order more products from TSMC, after saying it plans to fire 5 percent of its employees and sell some slower-growing businesses.
Separately, Merrill Lynch & Co raised its recommendation on the semiconductor industry to "slightly positive" from "negative," a day after Morgan Stanley raise ratings on Intel Corp.
Picvue Electronics Ltd (
Powerchip Semiconductor Corp (力晶半導體), the nation's third-largest maker of computer-memory chips, rose NT$0.30, or 3.2 percent, to NT$9.60. The company forecast demand will recover in the second half of this year, according to chairman Frank Huang (
Uni-President Enterprises Corp (
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth
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