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.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
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