Stocks rose for a third day yesterday, led by Taiwan Semiconductor Manufacturing Co (TSMC,
"The US economy is showing solid signs of growing," said Simon Chao (
The "US recovery will fuel growth for Taiwanese exporters," he said.
The US is Taiwan's second-largest export market.
The TAIEX rose 103.41, or 1.8 percent, to 5,851.20. It has risen 4.8 percent in three days. About eight stocks gained for every three that fell. The futures contract for October delivery rose 1.5 percent to 5,829.
TSMC, the world's largest maker of computer chips on a subcontracting basis, advanced NT$1, or 1.4 percent, to NT$71. Rival UMC increased NT$0.90, or 3.1 percent, to NT$30.40.
The US economy added 57,000 jobs last month, the US Labor Department said Friday. The unemployment rate held at 6.1 percent.
Chinatrust Financial Holdings Co (
Mega Financial Holding Co (
Nan Ya Plastics Corp (
Friday's fire halted one of three plants that make high-density polyethylene, a recyclable plastic used to make bottles.
Honam's damaged plant in Yeosu, south of Seoul, probably won't resume operations for a month, said a company official.
Formosa Plastics Corp (台塑), an affiliated company of Nan Ya Plastic, rose NT$1.50, or 3.1 percent, to NT$49.70.
Lite-On Technology Corp (
Lite-On said last month's sales almost tripled to NT$9.4 billion after the company absorbed four smaller units. Sales rose from NT$3.2 billion in September a year ago and NT$8.2 billion in August this year.
CHIP HANG-UP: Surging memorychip prices would deal a blow to smartphone sales this year, potentially hindering one of MediaTek’s biggest sources of revenue MediaTek Inc (聯發科), the world’s biggest smartphone chip designer, yesterday said its new artificial intelligence (AI) chips used in data centers are to account for 20 percent of its total revenue next year, as cloud service providers race to deploy AI infrastructure to meet voracious demand. MediaTek is believed to be developing tensor processing units for Google, which are used in AI applications. While it did not confirm such reports, MediaTek said its new application-specific IC (ASIC) business would be a new growth engine for the company. It again hiked its forecast for the addressable ASIC market to US$70 billion by 2028, compared
MediaTek Inc (聯發科), the world’s biggest smartphone chip supplier, yesterday said it plans to double investment in data center-related technologies, including advanced packaging and high-speed interconnect technologies, to broaden the new business’ customer and service portfolios. The chip designer is redirecting its resources to data centers, mainly designing application-specific integrated circuits (ASIC) with artificial intelligence (AI) capabilities for cloud service providers. The data center business is forecast to lead growth in the next three years and become the company’s second-biggest revenue source, replacing chips used in smart devices, MediaTek president Joe Chen (陳冠州) told a media event in Taipei. “Three or four years
Motorists ride past a mural along a street in Varanasi, India, yesterday.
Until US President Donald Trump’s return a year ago, when the EU talked about cutting economic dependency on foreign powers — it was understood to mean China, but now Brussels has US tech in its sights. As Trump ramps up his threats — from strong-arming Europe on trade to pushing to seize Greenland — concern has grown that the unpredictable leader could, should he so wish, plunge the bloc into digital darkness. Since Trump’s Greenland climbdown, top officials have stepped up warnings that the EU is dangerously exposed to geopolitical shocks and must work toward strategic independence — in defense, energy and
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