Industrial property transactions totaled NT$94.07 billion (US$3.19 billion) in the first eight months of this year, nearly on par with last year’s total of NT$94.5 billion, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported on Saturday, citing statistics compiled by global real-estate consultancy REPro Knight Frank (瑞普萊坊).
The surge in industrial property transactions is mainly attributable to robust demand from semiconductor companies for factories and food producers for logistics centers amid US-China trade tensions and the COVID-19 pandemic, the report said, citing REPro Knight Frank managing director Jenny Liou (劉美華).
Meanwhile, industrial-related land transactions are also increasing, as property developers are acquiring land due to rising demand from returning Taiwanese manufacturers for capacity expansion, industrial upgrading and large corporate headquarters, the report said.
The largest industrial property transaction this year so far is Chong Hong Construction Co’s (長虹建設) NT$6.14 billion purchase of 31,486.52m2 of industrial land and adjacent buildings in New Taipei City’s Tucheng District (土城), the report said.
That is followed by Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) NT$4.84 billion purchase of a plant that belonged to flat-panel maker HannStar Corp (瀚宇彩晶) in Southern Taiwan Science Park (南部科學園區), the report said.
TSMC has also recently spent a total of NT$5.17 billion to purchase plants in Southern Taiwan Science Park from E-Ton Solar Co (益通光能), Optimax Technology Corp (力特光電) and Gudeng Precision Industrial Co (家登精密), the company’s regulatory filings showed.
Ranking third is an unnamed buyer, who acquired a factory that belonged to touch-panel maker Wintek Corp (勝華科技) at the Youth Industrial Park Service Center (幼獅工業區) in Taoyuan for NT$4.57 billion, the report said.
The industrial property market would continue to see real need by firms in the near term, Liou said.
The momentum would be buoyed by investment demand in the medium to long term, considering the effects of supply chain restructuring, she added.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
NEXT GENERATION: The new 3-nanometer chip has 28 percent more transistors and offers up to 80 percent faster language model performance than its predecessor MediaTek Inc (聯發科) on Wednesday launched a new flagship smartphone chip, Dimensity 9400, made with Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) enhanced 3-nanometer technology, aiming to bring more artificial intelligence (AI) applications to edge devices like phones. The Dimensity 9400 is the second smartphone chip using TSMC’s second-generation 3-nanometer technology, after Apple Inc’s A18 Pro chip for the new iPhone 16 series. The new mobile chip has 28 percent more transistors, offers up to 80 percent faster large language model performance and is up to 35 percent more power-efficient than its predecessor, Dimensity 9300, MediaTek said. Chinese smartphone makers Xiaomi Corp (小米),
RSS