STOCK MARKET
Largan shares tumble
With the market’s expectations of sluggish sales of the new iPhone 6S, Largan Precision Co (大立光), a smartphone camera lens supplier to Apple Inc, and also the most expensive stock on the local market, fell 5.22 percent, or NT$135, to close at NT$2,450 in Taipei trading. More than 1.98 million Largan shares changed hands, with day trading value of NT$4.92 billion topping the local bourse.
STOCK MARKET
Acer shares rally
Shares of Acer Inc (宏碁), which rose to take the No. 4 sales position in the Western European PC market during the third quarter, gained 4.26 percent to NT$14.7 in Taipei trading yesterday. The company recently initiated a three-year plan to tap into the high-end PC gaming market with its Predator sub-brand. The company has also been ramping up investments into robotics and sports wearable devices to provide new services powered by its cloud-computing platform.
SEMICONDUCTORS
TSMC rejects rumors
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday rebutted a media report saying that the company has decided to set up a 12-inch silicon wafer plant in Nanjing. The chip manufacturer, a supplier for Apple Inc, is still evaluating an investment project in China and has not finalized it, TSMC acting spokesperson Elizabeth Sun (孫又文) said, adding that the company would make a formal announcement when a decision has been made.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a
RSS