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.
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
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious US tariff policies. However, the uncertainty about US tariffs has weighed on the chipmaker’s business visibility for the second half of this year, UMC chief financial officer Liu Chi-tung (劉啟東) said at an online earnings conference yesterday. “Although the escalating trade tensions and global tariff policies have increased uncertainty in the semiconductor industry, we have not
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
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
RSS