■ Shares rise to six-year high
Shares rose 1.25 percent to a six-year high yesterday, supported by overnight gains on Wall Street and strong foreign investor interest in the technology stocks, dealers said.
The TAIEX closed up 93.53 points at 7,567.72, the high for the day, on turnover of NT$125.17 billion (US$3.85 billion).
The previous high was recorded at 7,616 points on Aug. 31, 2000.
Risers led decliners 896 to 308, with 183 stocks unchanged.
■ Carlyle turns to banks for funds
Carlyle Group is planning to borrow US$4 billion to fund the leveraged buyout of Advanced Semiconductor Engineering Inc (日月光), three sources with knowledge of the deal said.
JPMorgan Chase & Co and Citigroup Inc are among banks that Carlyle has approached, said the sources, who declined to be identified before the takeover agreement is signed.
Dorothy Lee, the Hong Kong-based spokeswoman for Carlyle, said the buyout firm hasn't appointed banks for the financing.
■ NT dollar up
The New Taiwan dollar rose to a four-and-a-half month high yesterday against the US dollar, due to continued foreign capital inflows and month-end demand from exporters, traders said.
Such gains may be limited by concerns that the central bank will sell to stem its appreciation.
The local currency advanced NT$0.068 to close at NT$32.432 on the Taipei Forex Inc, on turnover of US$1.502 billion.
Foreign investors purchased a net total of NT$12.95 billion in Taiwanese stocks yesterday, statistics showed.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
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