Sales generated by the Central Taiwan Science Park (CTSP, 中部科學園區) in the first 10 months of the year hit a record NT$843.05 billion (US$30.28 billion), up 9.45 percent from NT$770.25 billion over the same period last year, the CTSP Bureau said.
The science park is home to many tech heavyweights from a wide range of sectors, including semiconductors, precision machinery, biotech, optoelectronics and renewable energy.
The park’s semiconductor firms posted NT$649.71 billion in combined sales over the 10-month period, up 4.68 percent from a year earlier and accounting for 77.07 percent of the park’s total sales, the bureau said last week.
Photo courtesy of the Central Taiwan Science Park Bureau via CNA
Taiwan Semiconductor Manufacturing Co (台積電), the world’s largest contract chipmaker, operates a 12-inch wafer fab in the science park, producing chips made using the company’s advanced process technology.
The semiconductor industry has benefited from growing demand for emerging technologies, such as applications for 5G and artificial intelligence, high-performance computing devices and automotive electronics, the bureau said.
Optoelectronics firms posted NT$155.35 billion in combined sales, soaring 30.37 percent from a year earlier and making up 18.43 percent of its total sales, the bureau said.
The companies benefited from a booming stay-at-home economy that has led to increased demand for devices used in remote working and distance learning, the bureau said, adding that the commercial use of mini-LED technologies helped boost sales in the optoelectronics sector.
Precision machinery makers posted NT$24.64 billion in combined sales, up 23.95 percent from a year earlier and accounting for 2.92 percent of the park’s sales.
Biotech firms posted NT$6.36 billion in sales, up 16.94 percent from a year earlier, while computer and peripheral producers generated NT$3.97 billion in sales, up 51.66 percent year-on-year.
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled
RSS