Shares ended higher yesterday on bargain hunting and overnight gains in US technology stocks, analysts said.
The TAIEX closed up 33.19 points, or 0.6 percent, at 5,748.35.
Advancers outnumbered decliners 567 to 267 with 173 stocks unchanged. But turnover fell to NT$57.73 billion (US$1.82 billion) from NT$73.17 billion on Monday, reflecting investor concerns over the continued weakness of global equities markets.
"The bourse's rise was generally in step with the modest rebound on Wall Street, especially in tech stocks," said Stanley Chou, an analyst at Barits International Securities (
Commanding nearly 70 percent of the main board's traded value, the technology and electronics subindex was 0.5 percent higher as a whole.
AU Optronics Corp (
Rival Chi Mei Optoelectronics Corp (奇美電子) finished unchanged at NT$49.60. Quanta Display Inc (廣輝電子) soared 2.9 percent to NT$16.15 and Chunghwa Picture Tubes Ltd (中華映管) gained 2 percent to NT$12.90.
Shares in Mitac International Corp (
Larger rival Quanta Computer Inc (
Financial stocks rose 1 percent overall, as investors were looking for certainty, analysts said.
Contract chipmaker United Microelectronics Corp (UMC, 聯電) yesterday said it has signed a memorandum of understanding (MOU) with Polar Semiconductor LLC to collaborate on the production of 8-inch wafers in the US. The collaboration aims to strengthen 8-inch wafer manufacturing in the US amid Washington’s efforts to increase onshore manufacturing of semiconductors, contribute to supply chain resilience against shifting geopolitical dynamics, and ensure a secure domestic supply of power semiconductors critical to automotive, electric grids, robotic manufacturing and data centers, the companies said in a joint statement. Under the MOU, Polar and UMC will identify devices for Polar to manufacture at
TECH TITANS: Amazon’s latest chip joins Google in competing for the 90 percent market share held by Nvidia, which claims it is ‘a generation ahead of the industry’ Amazon Web Services (AWS) on Tuesday launched its in-house-built Trainium3 artificial intelligence (AI) chip, marking a significant push to compete with Nvidia Corp in the lucrative market for AI computing power. The move intensifies competition in the AI chip market, where Nvidia dominates with an estimated 80 to 90 percent market share for products used in training large language models that power the likes of ChatGPT. Google last week caused tremors in the industry when it was reported that Facebook-parent Meta Platforms Inc would employ Google AI chips in data centers, signaling new competition for Nvidia. This followed the release last month of
Two companies wholly owned by the daughter of the founder of Hon Hai Precision Industry Co (鴻海精密) on Monday reported to the Taiwan Stock Exchange that they would dispose of all of the Hon Hai shares they hold. In filings with the exchange, Hong Wei Investment Co (鋐維) said it would sell the 2.771 million Hon Hai shares it holds and Frontier Investment Corp (承鋒投資) said it would sell its 2.409 million Hon Hai shares from tomorrow until Jan. 3 next year. The two companies are wholly owned and chaired by Shirley Gou (郭曉玲), the eldest daughter of Hon Hai founder Terry
TARIFF TALKS: The US secretary of commerce is eyeing more than US$300 billion in investments and said Taiwan would train US workers, but Taipei has denied the latter US Secretary of Commerce Howard Lutnick said the US is expecting a large investment pledge from Taiwan in trade talks, while President William Lai (賴清德) listed areas that need improvement in order for projects to be completed. “We’re in the midst of discussions,” Lutnick said on Wednesday. “But the fact is, this administration’s goal is to bring semiconductor manufacturing to America.” Lai on Wednesday said Taiwan is supportive of US President Donald Trump’s goal of reindustrializing the US, including efforts to ramp up semiconductor production. Such a goal would require the US to reduce its reliance on Taiwan as a key source
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