Stocks dropped for the first day in three yesterday.
Quanta Computer Inc (廣達 電腦), the world's largest notebook-computer maker, led declining shares on concern it will face shortages of flat-panel displays.
Taiwan Semiconductor Manu-facturing Co (TSMC,
"US consumer demand has started to accelerate entering into the back-to-school season," said Edward Tseng, who manages Ta Chong Investment Trust Co's (
"That should translate into better demand for Taiwan's exports," he said.
The TAIEX shed 5.52, or 0.1 percent, to 5,436.75, reversing an earlier gain of as much as 0.9 percent. About five stocks declined for every two that rose.
Index futures expiring in August slumped 0.4 percent to 5,447.
Turnover was NT$148.02 billion (US$4.3 billion).
Quanta Computer fell NT$1, or 1.2 percent, to NT$85.50.
Screen suppliers are shifting production to larger panels used in televisions, which are more profitable, Texas-based market researcher DisplaySearch said on Wednesday.
TSMC, the world's largest maker of computer chips on a subcontracting basis that gets three-quarters of its sales from the US, rose NT$0.50, or 0.9 percent, to NT$59.50.
China Airlines Co (華航) gained NT$0.25, or 1.8 percent, to end at NT$14.20. The airlines is upgrading its fleet as the carrier tries to improve its image after its fifth fatal crash in 11 years.
Chunghwa Telecom Co (
Pacific Electric Wire & Cable Co (
It slumped NT$0.05, or 5.4 percent, to NT$0.88.
MSCI reviews its indexes quarterly, and adds or subtracts mem-bers to ensure the benchmarks comprise 85 percent of each country's market value that's available to investors.
First Financial Holding Co (
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
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