Morgan Stanley Capital International Inc (MSCI) said on Tuesday that it has added 11 Taiwanese companies to its MSCI Taiwan Index after its quarterly index review.
After the adjustments, the number of MSCI Taiwan Index constituents rose to 118 from the previous 107, while no stock that had been on the index before the review was removed.
The 11 new constituents include computer and electronic component maker Pegatron Corp (和碩), memory chip firm Powerchip Technology Corp (力晶), KGI Securities Co (凱基證券), solar cell maker Simplo Technology Co (新普), electronic paper display producer E Ink Holdings Inc (元太), solar cell manufacturer Motek Industries Inc (茂迪) and LCD display maker Coretronic Corp (中光電).
The others are module maker Phison Electronics Corp (群聯), IC designer PixArt Imaging Inc (原相), online gaming provider Chinese Gamer International Corp (網龍) and contract microchip maker Vanguard International Semiconductor Co (世界先進).
“The change went beyond market expectations,” Concord Securities analyst Allen Lin said.
Lin said the market had expected MSCI to add old economy stocks into the index as that sector will benefit from the Economic Cooperation Framework Agreement (ECFA), which was signed by Taiwan and China in late June. The pact grants preferential tariff status or market access to 539 Taiwanese products or services exported to China, with most of the items belonging to traditional sectors.
“MSCI still paid a lot of attention to the local electronics sector, which is the backbone of Taiwan’s exports,” Lin said.
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’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS