Shares fell yesterday after US stocks pulled back overnight, but memory chip companies Nanya Technology Corp (南亞科技) and Inotera Memories Inc (華亞科技) bucked the trend on strong earnings for the second quarter.
The TAIEX dropped 23.73 points, or 0.4 percent, to 6,420.01 on turnover of NT$65.19 billion (US$1.99 billion).
Decliners led risers 590 to 386, with 118 stocks unchanged.
Taiwan Semiconductor Manufacturing Co (台積電), the world's largest contract chipmaker by revenue, fell 2.3 percent to NT$54.9. Its smaller rival United Microelectronics Corp (聯電) dropped 0.8 percent to NT$18.25.
Memory chip companies still managed to rise after announcing strong second-quarter earnings and on outlooks for brisk demand in the second half of the year.
Nanya Technology rose 1.4 percent to NT$22.1 after it reported an unaudited net profit of NT$3.71 billion for the second quarter, reversing a net loss of NT$972 million in the period a year earlier, on a rise in memory-chip selling prices and strong demand.
Inotera Memories gained 0.1 percent to NT$35.8. It said its unaudited net profit in the second quarter jumped more than three times to NT$4.19 billion from the NT$1.15 billion for the same period last year.
Looking ahead, traders said shares were unlikely to fall much further.
"The market will start focusing on Taiwanese corporate earnings next week, but since most of the negative factors were already priced in after the past week's declines, I would expect a relatively small downside," said Bill Huang, a KGI Securities (
NEW IDENTITY: Known for its software, India has expanded into hardware, with its semiconductor industry growing from US$38bn in 2023 to US$45bn to US$50bn India on Saturday inaugurated its first semiconductor assembly and test facility, a milestone in the government’s push to reduce dependence on foreign chipmakers and stake a claim in a sector dominated by China. Indian Prime Minister Narendra Modi opened US firm Micron Technology Inc’s semiconductor assembly, test and packaging unit in his home state of Gujarat, hailing the “dawn of a new era” for India’s technology ambitions. “When young Indians look back in the future, they will see this decade as the turning point in our tech future,” Modi told the event, which was broadcast on his YouTube channel. The plant would convert
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
New vehicle sales in Taiwan plunged about 37 percent sequentially last month as the long Lunar New Year holiday and 228 Peace Memorial Day holiday cut short the number of working days, along with the lingering uncertainty over import tax cuts on US vehicles, market researcher U-Car said in a report yesterday. New car sales last month totaled 22,043, slumping from 35,073 units in January and down 19.89 percent from 37,515 in February last year, U-Car data showed. Sales of imported luxury cars, led by Mercedes-Benz, plummeted about 45 percent to 3,109 units last month from 5,663 units in the previous month,
RSS