EQUITIES
TAIEX closes up 62.96 points
The TAIEX yesterday closed higher despite turnover remaining thin ahead of the conclusion of a US Federal Reserve policymaking meeting later in the day. The bellwether electronics sector continued to drive gains on the broader market after recouping earlier losses, as uncertainty over the Fed’s decision weakened old economy and financial stocks. The TAIEX closed up 62.96 points, or 0.48 percent, at the day’s high of 13,100.17, Taiwan Stock Exchange data showed. Turnover on the main board totaled NT$154.277 billion (US$4.8 billion), with foreign institutional investors selling a net NT$519 million of shares on the main board, the exchange said.
ELECTRONICS
HTC posts NT$980m net loss
HTC Corp (宏達電) on Tuesday reported that losses expand in the third quarter despite efforts to develop new virtual reality devices and extend its reach to the emerging “metaverse” concept. In the July-to-September period, HTC posted a net loss of NT$980 million, compared with NT$748 million in the second quarter, with losses per share of NT$1.19. In the first nine months of the year, HTC’s losses per share were NT$3.01, compared with NT$2.86 a year earlier. Gross margin improved to 39.4 percent from 39.2 percent in the second quarter after consolidated sales rose 7.2 percent from a quarter earlier to NT$1.08 billion, company data showed.
LOGISTICS
ITIC to invest in Willbox
An investment arm of the Hsinchu-based Industrial Technology Research Institute (工業技術研究院) is to invest NT$153 million to help Japanese digital logistics start-up Willbox enter the Taiwanese market. Industrial Technology Investment Corp (ITIC, 創新工業技術移轉) is supporting Willbox due to its ability to fuse information technology with logistics upgrades, ITIC president Michel Chu (瞿志豪) said on Tuesday. The Yokohama-based start-up plans to set up a branch in Taiwan next year, with the aim of helping local firms looking to integrate logistics resources. Willbox executive Satoi Wang (王哲瑋) said he has been in talks with more than 70 logistics service providers serving Taiwan’s four major commercial ports to forge business opportunities for both sides.
CONSTRUCTION
CHC posts NT$2.65bn profit
Continental Holdings Corp (CHC, 欣陸投控) on Tuesday reported NT$2.65 billion in net profit for the first three quarters of the year, representing record-high earnings per share of NT$3.21, as revenue soared 41.5 percent year-on-year to NT$24.48 billion. The Taipei-based group attributed the growth to improvement at its three business units — Continental Development Corp (CDC, 大陸建設), HDEC Corp (欣達環工) and Continental Engineering Corp (大陸工程). CDC, its real-estate development arm, registered the most advancement among the three units after recognizing profits from the sale of a luxury apartment complex in Taipei, CHC said.
SEMICONDUCTORS
TSMC preps Arizona fab
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is next month to hold a ceremony to install the first batch of production equipment in its Arizona fab, the chipmaker said on Tuesday. TSMC said the step represents a milestone for the company’s US expansion, about 18 months after the start of construction. It said the first batch of advanced equipment would be installed in the plant, which is expected to enter mass production in 2024.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
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
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
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
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