Shares ended moderately higher yesterday on renewed strength in technology stocks.
The TAIEX finished up 11.70 points, or 0.2 percent, at 6,204.23. Decliners outnumbered advancers 511 to 354, while 142 issues ended the day unchanged.
Taiwan Semiconductor Manu-facturing Co (台積電) ended up 1.0 percent at NT$52.50, partly countering its 1.9 percent decline on Thursday on lackluster monthly revenue figures. United Microelectronics Corp (聯電) rose 0.8 percent to NT$20.10.
Shares of flat-panel makers gained on news that Taiwanese makers of liquid-crystal-display (LCD) screens are set to raise the price of 17-inch LCD screens by between US$2 and US$3 a screen, in step with similar moves by South Korean competitors.
Chunghwa Picture Tubes (中華映管) rose 3.1 percent to NT$13.40, but AU Optronics Corp (友達光電) closed flat at NT$45.70.
Shares in High Tech Computer Corp (宏達電子) soared 7 percent, the daily maximum, to NT$215 after the handset maker reported strong revenue for February.
However, yesterday's gains were limited by weakness in transportation and tourism shares on renewed tension because of Beijing's planned "anti-secession" bill.
Analysts said the bill would dampen progress toward direct cargo transport.
Evergreen Marine Corp (
Daniel Testing, an analyst at Futon Securities Investment Services, said traders were reluctant to make big bets in the market pending political developments.
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
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
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
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
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