EQUITIES
TAIEX gives up gains
The TAIEX yesterday gave up all of its earlier gains to close slightly lower as investors rushed to lock in profits, but select large-cap tech stocks fended off the profit-taking, which largely affected old economy and financial stocks, dealers said. The benchmark index closed down 16.90 points, or 0.11 percent, at 14,983.13, on turnover of NT$434.213 billion (US$15.29 billion). The TAIEX had risen 1.82 percent in the first two trading sessions of this year. Foreign institutional investors sold a net NT$48 million of shares on the main board yesterday, Taiwan Stock Exchange data showed.
LIGHTING
Ennostar soars on debut
Ennostar Inc (富采投控) shares yesterday rose by the daily maximum 10 percent to NT$91 after the company made its debut on the Taiwan Stock Exchange. Ennostar, a holding company formed by the merger of LED firms Epistar Corp (晶電) and Lextar Electronics Corp (隆達), started trading at an initial public offering price of NT$82.8. The first-day surge raised the company’s market value to NT$62.43 billion, stock exchange data showed.
COMPUTERS
Getac revenue up 23.45%
Rugged PC vendor Getac Technology Corp (神基) yesterday reported that consolidated revenue last month grew 23.45 percent year-on-year to NT$2.63 billion. That helped increase its fourth-quarter sales to NT$7.75 billion, up 9.32 percent from the third quarter and 10.24 percent from a year earlier, company data showed. Getac also produces auto mechanical parts and aero fastener components. Revenue for last year as a whole totaled NT$27.84 billion, up 3.28 percent from NT$26.95 billion in 2019 and hitting a record high, the company said in a release.
SMARTPHONES
HTC revenue down 42%
HTC Corp (宏達電) yesterday reported that revenue last year dropped 42.03 percent from a year earlier to NT$5.81 billion. The smartphone vendor said in a news release that revenue last month grew 10.8 percent monthly and 1.02 percent annually to NT$615 million. Annual revenue at HTC has fallen every year since 2011, and last year’s figure was the lowest since the company’s initial public offering on March 26, 2002.
HOUSING BROKERS
Hiyes revenue hits record
Hiyes International Co (海悅國際開發), the nation’s largest housing broker, yesterday reported that revenue last month grew 59.28 percent year-on-year to NT$536 million, a monthly record for the company. The firm attributed the growth to launches of new housing projects by developers in Taipei, New Taipei City, Taoyuan, Hsinchu, Taichung, Tainan and Kaohsiung. For the whole of last year, cumulative revenue surged 119.21 percent from a year earlier to NT$3.66 billion, the company said in a statement.
RETAILERS
Don Quijote entering Taiwan
Japanese discount chain Don Quijote is to open its first store in Taiwan on Jan. 19 in Taipei’s Ximending (西門町) shopping area, the company said on Tuesday. The new store, Don Don Donki, would occupy three stories of a building at No. 123 Xining S Street, near MRT Ximen Station Exit 6. It would carry a wide selection of imported Japanese products, as well as cosmetics, snacks, beverages, fresh produce, made-to-order meals and sushi, the company said.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
Industrial production expanded 22.31 percent annually last month to 107.51, as increases in demand for high-performance computing (HPC) and artificial intelligence (AI) applications drove demand for locally-made chips and components. The manufacturing production index climbed 23.68 percent year-on-year to 108.37, marking the 14th consecutive month of increase, the Ministry of Economic Affairs said. In the first four months of this year, industrial and manufacturing production indices expanded 14.31 percent and 15.22 percent year-on-year, ministry data showed. The growth momentum is to extend into this month, with the manufacturing production index expected to rise between 11 percent and 15.1 percent annually, Department of Statistics
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
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