Stocks gained yesterday as AU Optronics Corp (友達光電) and Chi Mei Optoelectronics Corp (奇美電子) surged by their daily limits on optimism prices of flat-panel displays may rise because of a shortage of parts to make the screens.
The TAIEX barely rose, adding 3.67 points to 5,750.81. Eight stocks fell for every Seven that gained. The futures contract for September delivery rose 0.03 percent to 5,759.
About 3.5 billion shares changed hands, or 25 percent below the average volume in the past three months. Shares worth NT$81.1 billion (US$2.4 billion) were traded.
AU Optronics, the world's No. 3 maker of flat-panel displays for
personal computers, rose NT$3.10, or 6.9 percent, to NT$48.20. Chi Mei, the country's second largest LCD display maker, rose NT$3.10, or 6.9 percent, to NT$47.80.
Quanta Display Inc (
Teco Electric & Machinery Co (東元電機), which markets flat-panel televisions under its own brand, expects to sell 720,000 liquid-display-panel televisions next year after selling 100,000 units this year, a Chinese-language newspaper reported, citing company president Lin Sheng-chuan (林勝泉).
"The LCD industry is booming because more and more people are buying LCD TVs to replace bulky cathode ray tube TVs," Phil Chen, who manages the US$46 million High-Tech Fund at Grand Cathay Securities Investment Trust Co (
Formosa Plastics Corp (台塑) fell NT$0.60, or 1.2 percent, to NT$48.50 after a Chinese-language newspaper reported Chinese Petroleum Corp (中油) will raise the price of acrylonitrile, which is used in feedstock, starting next year.
The new price will increase costs of feedstock for Chinese Petroleum clients such as Formosa Plastics by about 15 percent from the current level, the report said, citing the company's chief executive officer.
Evergreen Marine Corp (
Mega Financial Holdings Co (
Mega Financial is offering US$600 million of bonds convertible into its shares, a sale document sent to investors shows, to pay loans and fund investments. The two-year bonds will be convertible into the company's shares at NT$21.08 a share, the document shows. That's a 23 percent premium to Wednesday's close of NT$17.2.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
‘FAILED EXPORT CONTROLS’: Jensen Huang said that Washington should maximize the speed of AI diffusion, because not doing so would give competitors an advantage Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) yesterday criticized the US government’s restrictions on exports of artificial intelligence (AI) chips to China, saying that the policy was a failure and would only spur China to accelerate AI development. The export controls gave China the spirit, motivation and government support to accelerate AI development, Huang told reporters at the Computex trade show in Taipei. The competition in China is already intense, given its strong software capabilities, extensive technology ecosystems and work efficiency, he said. “All in all, the export controls were a failure. The facts would suggest it,” he said. “The US
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
French President Emmanuel Macron has expressed gratitude to Hon Hai Precision Industry Co (鴻海精密) for its plan to invest approximately 250 million euros (US$278 million) in a joint venture in France focused on the semiconductor and space industries. On his official X account on Tuesday, Macron thanked Hon Hai, also known globally as Foxconn Technology Group (富士康科技集團), for its investment projects announced at Choose France, a flagship economic summit held on Monday to attract foreign investment. In the post, Macron included a GIF displaying the national flag of the Republic of China (Taiwan), as he did for other foreign investors, including China-based
RSS