The aggregate pretax profit posted by companies on the Taiwan Stock Exchange and over-the-counter (OTC) market in the first half of this year soared more than 30 percent year-on-year, the Financial Supervisory Commission (FSC) said.
Data compiled by the FSC showed that companies listed on the local main board and the OTC market posted NT$1.93 trillion (US$60.36 billion) in profit before tax for the first half of this year, up 31.2 percent from a year earlier and the third-highest total in a decade.
First-half aggregate pretax profit only trailed NT$2.48 trillion recorded in the same period of 2022 and about NT$2 trillion seen in the first half of 2021, the data showed.
Photo: Kelson Wang, Taipei Times
In terms of consolidated sales, the data showed that companies listed on the Taiwan Stock Exchange and OTC registered a 9.5 percent year-on-year increase in the first half of this year, with a value of NT$18.96 trillion.
Companies listed on the local main board posted NT$1.775 trillion in pretax profit, up 32.27 percent from a year earlier, while firms listed on the OTC market registered a 19.89 percent year-on-year increase in pretax profit at NT$152.5 billion.
Commenting on the profitability among listed companies on the main board, Securities and Futures Bureau Chief Secretary Shang Kuang-chi (尚光琪) said that the local semiconductor industry got a boost from global demand for artificial intelligence (AI) devices, while a rebound in the smartphone market also lent support to export-oriented manufacturers.
Shang said that the local computing industry saw its profitability improving in the wake of robust demand for AI servers.
In addition, tight supply of cargo shipping space pushed up freight rates and added momentum to the transportation sector.
Firms listed on the OTC market benefited from an increase in shipments of electronic components and foreign exchange gains, Shang said, adding that the cultural creative industry saw revenue increase on strong demand for gaming apps.
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has appointed Rose Castanares, executive vice president of TSMC Arizona, as president of the subsidiary, which is responsible for carrying out massive investments by the Taiwanese tech giant in the US state, the company said in a statement yesterday. Castanares will succeed Brian Harrison as president of the Arizona subsidiary on Oct. 1 after the incumbent president steps down from the position with a transfer to the Arizona CEO office to serve as an advisor to TSMC Arizona’s chairman, the statement said. According to TSMC, Harrison is scheduled to retire on Dec. 31. Castanares joined TSMC in
EUROPE ON HOLD: Among a flurry of announcements, Intel said it would postpone new factories in Germany and Poland, but remains committed to its US expansion Intel Corp chief executive officer Pat Gelsinger has landed Amazon.com Inc’s Amazon Web Services (AWS) as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker. Intel and AWS are to coinvest in a custom semiconductor for artificial intelligence computing — what is known as a fabric chip — in a “multiyear, multibillion-dollar framework,” Intel said in a statement on Monday. The work would rely on Intel’s 18A process, an advanced chipmaking technology. Intel shares rose more than 8 percent in late trading after the
FACTORY SHIFT: While Taiwan produces most of the world’s AI servers, firms are under pressure to move manufacturing amid geopolitical tensions Lenovo Group Ltd (聯想) started building artificial intelligence (AI) servers in India’s south, the latest boon for the rapidly growing country’s push to become a high-tech powerhouse. The company yesterday said it has started making the large, powerful computers in Pondicherry, southeastern India, moving beyond products such as laptops and smartphones. The Chinese company would also build out its facilities in the Bangalore region, including a research lab with a focus on AI. Lenovo’s plans mark another win for Indian Prime Minister Narendra Modi, who tries to attract more technology investment into the country. While India’s tense relationship with China has suffered setbacks
RSS