EQUITIES
Foreigners buy NT$5bn
Foreign investors last week bought a net NT$5.01 billion (US$157.22 million) of local shares after selling a net NT$33.45 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold NT$1.24 trillion of local shares since the beginning of the year, it said. The top three shares bought by foreign investors last week were Taiwan Business Bank (臺灣中小企業銀行), United Microelectronics Corp (聯電) and China Development Financial Holding Corp (中華開發金控), while the top three shares sold by foreign investors were E.Sun Financial Holding Co (玉山金控), Taiwan Cement Corp (台灣水泥) and Walsin Lihwa Corp (華新麗華). As of Friday, the market capitalization of shares held by foreign investors was NT$16.96 trillion, or 39.7 percent of total market capitalization, it said.
AUTO PARTS
China sales boost Hiroca
Automotive interior parts supplier Hiroca Holdings Ltd (廣華控股) yesterday reported that revenue last month grew 2.98 percent month-on-month and 6.02 percent year-on-year to NT$635.75 million, as the company benefited from rising vehicle sales in China due to the country’s preferential purchase policies and promotion campaigns launched by major auto brands there. Despite headwinds such as interest rate hikes, exchange-rate changes and COVID-19 lockdowns in China, the company’s third-quarter revenue totaled NT$1.96 billion, compared with NT$1.61 billion in the second quarter and NT$1.74 billion a year earlier. In the first three quarters of the year, cumulative revenue amounted to NT$5.68 billion, up 11.87 percent from NT$5.08 billion during the same period last year, Hiroca said. The company said it would continue to pursue flexible production and work with customers to develop more lightweight and environmentally friendly products.
SEMICONDUCTORS
MSSCorps revenue rises
MSSCorps Co (汎銓科技), which specializes in material analysis in the semiconductor sector, yesterday reported that revenue for last quarter rose 9.3 percent quarterly and 21.8 percent annually to NT$458.51 million, meeting market expectations. Last quarter’s sales were the highest for the same period in the company’s history, it said. From January to last month, cumulative revenue totaled NT$1.25 billion, up 20.1 percent from NT$1.04 billion a year earlier. The company said it remains optimistic about its business outlook this quarter, as governments around the world are supporting homegrown semiconductor manufacturing, while global chipmakers continue to expand, which would lead to business opportunities for material analysis firms, it added.
ELECTRONICS
Delta posts record revenue
Power management solution provider Delta Electronics Inc (台達電) on Monday reported that sales last month set a new record, with analysts attributing the growth to solid demand from electric vehicle suppliers. The company posted NT$36.93 billion in consolidated sales, up 5 percent from a month earlier and up 35 percent from a year earlier, marking the fourth consecutive month the company has reported record monthly revenue. In the third quarter, Delta generated a quarterly high of NT$106.25 billion in sales, up 18 percent from a quarter earlier. In the first nine months of the year, its cumulative sales rose 21 percent from a year earlier to NT$278.78 billion, the company said.
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by
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