Shares in Taiwan closed slightly higher yesterday with small fluctuations during the session.
The weighted index on the Taiwan Stock Exchange (TAIEX) closed up 9.17 points, or 0.09 percent, at 9,882.54, after moving between 9,859.03 and 9,898.64 on turnover of NT$85.26 billion (US$2.78 billion).
Although shares in smartphone camera lens supplier Largan Precision Co (大立光) — the most expensive on the market — fell, the financial sector took the lead in supporting trading, dealers said.
Trading among large-cap electronics shares was mixed, with Largan falling 1.81 percent to close at NT$4,615 per share.
Shares in Hon Hai Precision Industry Co (鴻海), the world’s largest contract electronics maker, rose 0.42 percent to close at NT$96.5, while contract chip maker Taiwan Semiconductor Manufacturing Co (台積電), the most heavily weighted stock on Taiwan’s market, shed 0.52 percent to end the day at NT$190.
Integrated circuit designer MediaTek Inc (聯發科) grew 0.23 percent to end at NT$217, while integrated circuit packaging and testing services firm Advanced Semiconductor Engineering Inc (日月光) rose 0.6 percent to close at NT$38.95.
Cathay Financial Holding Co (國泰金) closed 1.1 percent higher to finish at NT$48.75, while Fubon Financial Holding Co (富邦金) rose 0.4 percent to close at NT$48.35 and CTBC Financial Holding Co (中信金) ended the day unchanged at NT$18.6.
Taishin Taiwan Small and Medium Cap Fund manager Wang Zhong-liang (王仲良) said he expects a bumpy ride on the TAIEX before foreign investors begin to sell stocks, and advised investors to pay close attention to appreciation of the New Taiwan dollar.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Gudeng Precision Industrial Co (家登精密), the sole extreme ultraviolet pod supplier to Taiwan Semiconductor Manufacturing Co (台積電), yesterday said it has trimmed its revenue growth target for this year as US tariffs are likely to depress customer demand and weigh on the whole supply chain. Gudeng’s remarks came after the US on Monday notified 14 countries, including Japan and South Korea, of new tariff rates that are set to take effect on Aug. 1. Taiwan is still negotiating for a rate lower than the 32 percent “reciprocal” tariffs announced by the US in April, which it later postponed to today. The
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
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