EQUITIES
TAIEX dips on profit-taking
The TAIEX closed slightly lower yesterday, after coming off a historical intraday high, as investors locked in their gains from the first two sessions of this year, dealers said. Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which had been a driver of the main board’s gains in the previous two sessions, was affected by profit-taking, dealers said. TSMC fell 0.91 percent to close at NT$650. Buying rotated to select old economy and financial stocks, which lent support to the broader market, they said. The TAIEX closed down 26.39 points, or 0.14 percent, at 18,499.96. Turnover totaled NT$337.983 billion (US$12.24 billion), with foreign institutional investors buying a net NT$9.34 billion of shares on the main board, Taiwan Stock Exchange data showed.
AUTO PARTS
BizLink revenue up 6.59%
Wire harness maker BizLink Holding Inc (貿聯控股) yesterday posted revenue of NT$2.88 billion for last month, up 6.59 percent month-on-month and 44.13 percent year-on-year. BizLink, the sole supplier of wiring harnesses for battery management systems in Tesla Inc Model 3s, said in a statement that last month’s revenue rose above US$100 million for the first time in the company’s history. “Healthy year-end demand boosted sales, with shipments to data center customers rising, but shipments to electrical appliance customers slowing, while shipments to customers in our other segments stayed stable,” the company said. Total revenue for the whole of last year grew 27.03 percent year-on-year to NT$28.68 billion, the company said.
MANUFACTURING
Airtac profit up despite virus
Pneumatic components supplier Airtac International Group (亞德客) yesterday reported consolidated revenue of NT$2.25 billion for last month, up 16.87 percent month-on-month and 13.74 percent year-on-year, as the company’s shipments gradually returned to normal, despite the unstable COVID-19 situation and power restrictions. “Although the [COVID-19] pandemic situation in some cities in China [has been] unstable recently, the company’s production and shipments have not been affected, with both orders and shipments remaining good in the first couple days of January,” Airtac said in a statement. The company said its overall revenue for the whole of last year grew 32.96 percent to a record of NT$25.4 billion. It is optimistic about its operations this year, so it aims to maintain a 110 percent production utilization rate to increase inventory and meet traditional peak-season demand from March, Airtac said.
ELECTRONICS
Lite-On posts record revenue
Electronic components supplier Lite-On Technology Corp (光寶科技) yesterday reported record revenue of NT$15.06 billion for last month, up 0.94 percent from a month earlier and 12.04 percent from a year earlier. The company said its information technology and consumer electronics business, which accounted for 56 percent of its total sales, posted annual growth of 15 percent in sales last month. That was thanks to healthy shipments of notebook PC power adapters and power supplies for gaming, as well as keyboards and mice, coupled with smooth delivery of laser models of multifunction peripherals, it said. The company’s optoelectronics, and cloud and artificial intelligence of things segments reported 8 and 5 percent increases in sales respectively. Due to solid demand from its core business, cumulative sales for whole of last year totaled NT$164.83 billion, up 4.91 percent from 2020.
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
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
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for
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