EQUITIES
Virus worries impact TAIEX
The TAIEX yesterday moved lower to close below 17,000 points, as investors’ concerns over a surge in domestic COVID-19 cases continued. Selling focused on large-cap tech stocks, while cyclical old economy stocks also came under pressure later in the session as investors locked in gains posted in previous sessions, dealers said. The TAIEX ended down 109.99 points, or 0.64 percent, at 16,966.22, while turnover totaled NT$398.405 billion (US$14.348 billion), up from NT$350.72 billion the previous day. Foreign institutional investors sold a net NT$14.97 billion of shares on the market yesterday, Taiwan Stock Exchange data showed.
ELECTRONICS
Innolux profit soars 42.3%
Flat-panel maker Innolux Corp (群創) yesterday posted NT$31.38 billion in revenue for last month, the highest in about four-and-a-half years. Revenue increased 3.4 percent from April and 42.3 percent from a year earlier. Shipments of large panels for computers and TVs rose 4 percent sequentially, while shipments of small panels dropped 2 percent. During the first five months of the year, revenue surged 56.36 percent year-on-year to NT$145.56 billion.
AUTO PARTS
Hiroca’s sales rise 10.73%
Automotive components maker Hiroca Holdings Ltd (廣華控股) yesterday reported consolidated sales of NT$8441.84 million for last month, up 10.73 percent year-on-year. Hiroca, which produces interior trim parts, as well as plastic, fabric and leather decorations, said that an increase in shipments to major automakers in China boosted its sales last month. However, revenue fell 20.78 percent from April due to a shortage of chips, the firm said. Cumulative sales in the first five months of this year rose 51.61 percent to NT$2.77 billion from a year earlier.
CHIPMAKERS
Winbond buys equipment
Winbond Electronics Corp (華邦電) yesterday said that it has ordered NT$5.33 billion of manufacturing equipment from Applied Materials South East Asia Pte Ltd, after its board of directors approved a NT$378 million capital expenditure last month. Revenue last month soared 92.05 percent to NT$8.21 billion year-on-year from NT$4.27 billion last year, but edged lower 1 percent month-on-month from NT$8.3 billion in April. Cumulative revenue in the first five months totaled NT$29.63 billion from NT$15.9 billion last year.
MANUFACTURING
Value Valves demand rises
Value Valves Co (捷流閥業) yesterday reported that revenue last month rose 1.1 percent month-on-month to NT$208.1 million, the highest this year, thanks to rising demand in the electronics and petrochemical industries. However, the figure fell 0.34 percent year-on-year. In the first five months, cumulative revenue fell 8.97 percent to NT$923.91 million from last year, as major customers delayed orders over COVID-19 concerns, the firm said.
MANUFACTURING
Sheh Fung Screws revenue increases
Screw manufacturer Sheh Fung Screws Co (世豐螺絲) yesterday posted NT$244 million in revenue for last month, a spike of 71.86 percent from a year earlier on the back of selling prices hikes and strong demand from the US market. Demand for screws is gaining heat as the property market in the US market recovers and do-it-yourself home improvement projects grow increasingly popular, the Kaohsiung-based company said. Shipping clogs protracted delivery time and helped boost selling prices, it said, adding that a low base last year also lent support to the impressive showing.
ELECTRONICS
HTC VR headsets to launch
HTC Corp (宏達電) yesterday said that it would launch new virtual reality (VR) headsets in its Vive lineup tomorrow. The Vive Pro 2, a successor to the original Vive Pro, is to sell for NT$24,900. It features a 120-degree field of view, a refresh rate of 120 hertz, and “premium 5K fidelity,” with 2.5k resolution per eye, HTC said. The Vive Focus 3, the latest in the firm’s series of all-in-one business-oriented VR headsets, can be preordered from today, before its June 25 launch, for NT$32,900, it said.
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
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