■ Stocks mostly static
Shares closed little changed yesterday, with lingering concerns about the financially troubled Rebar Asia Pacific Group (力霸亞太企業集團) offsetting early gains, dealers said.
Trading turnover dropped, indicating that investors were reluctant to take aggressive positions after Monday's technical recovery, they said.
The TAIEX closed up 8.58 points or 0.11 percent at 7,792.08, on turnover of NT$105.62 billion (US$3.22 billion).
The NT dollar lost NT$0.018 against the US dollar to close at NT$32.775 on the Taipei Forex Inc. Turnover was US$689 million.
■ Fuel prices lowered
State-run Chinese Petroleum Corp (CPC, 中油) announced yesterday that it would lower the wholesale gasoline price by NT$0.6 per liter and the wholesale diesel price by NT$0.7 per liter. The new rates were effective from midnight yesterday, CPC said in a statement.
An hour after CPC's announcement, rival Formosa Petrochemical Corp (台塑石化) said it would match CPC's prices from 10pm yesterday.
■ Green Point accepts offer
The board of Green Point Enter-prises Co (綠點高新科技), a manufacturer of handsets, injection molds and plastic parts, announced yesterday that it had approved an acquisition offer from Jabil Circuit Inc, after the US electronics manufacturing service provider bought 260.88 million shares, or 97 percent of Green Point's outstanding shares.
Shares of Green Point closed down by 2.3 percent at NT$106 yesterday.
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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