The combined revenue of companies listed on the Taiwan Stock Exchange and the Taipei Exchange for the whole of last year totaled NT$44.66 trillion (US$1.35 trillion), up 12.8 percent year-on-year and hit a record high, data compiled by investment consulting firm CMoney showed on Saturday.
The result came after listed firms reported a 23.92 percent annual increase in combined revenue for last month at NT$4.1 trillion, the second-highest for the month of December on record, and posted a 15.63 percent rise in combined revenue for the December quarter at NT$12.25 billion, the highest quarterly figure ever, the data showed.
Analysts attributed the strong performance in the final quarter of last year to a rebound in the economic climate and strong shipments of artificial intelligence (AI) devices.
Photo: Carlos Garcia Rawlins, Reuters
The New Taiwan dollar’s depreciation against the US dollar and a surge of orders placed with Taiwanese firms ahead of potential tariff hikes by the new US administration were also factors behind firms’ revenue growth, they said.
For this quarter, revenue momentum would remain firm, bucking the effect of a traditionally slow season, thanks to shipments of AI servers based on Nvidia Corp’s GB200 chips, analysts at Fubon Securities Investment Services Co (富邦投顧) and SinoPac Securities Investment Service Corp (永豐投顧) said.
The shipping and transportation, electronic components and electronics distribution, and finance industries reported the highest revenue increases of 34.87 percent, 31.42 percent and 27.96 percent respectively last year compared with the previous year, mainly due to the lower comparison base in 2023, CMoney data showed.
Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics manufacturer and a major supplier to Apple Inc, generated NT$6.86 trillion in revenue last year to stay at the top of the sales rankings among listed firms in Taiwan.
Taiwan Semiconductor Manufacturing Co (台積電) ranked the second-highest with revenue of NT$2.89 trillion, followed by contract electronics manufacturers Quanta Computer Inc (廣達) with NT$1.41 trillion, Pegatron Corp (和碩) with NT$1.13 trillion and Wistron Corp (緯創) with NT$1.05 trillion, Taiwan Stock Exchange data showed.
Amid an AI boom, the five companies had a combined revenue of NT$13.34 trillion, accounting for nearly 30 percent of the total revenue of all listed firms.
In sixth through 10th place were semiconductor components distributor WT Microelectronics Co (文曄) at NT$959.43 billion, contract electronics manufacturer Compal Electronics Inc (仁寶) at NT$910.27 billion, semiconductor components distributor WPG Holdings Co (大聯大) at NT$880.61 billion, oil refiner Formosa Petrochemical Corp (台塑石化) at NT$663.82 billion and food conglomerate Uni-President Enterprises Corp (統一企業) at NT$657.63 billion, the data showed.
On the contrary, the oil, gas and electricity, glass and ceramics, and steel industries underperformed due to unfavorable market conditions, as their accumulated revenue dropped 6.53 percent, 4.27 percent and 2.22 percent from a year earlier respectively, according to CMoney data.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
PRECEDENTED TIMES: In news that surely does not shock, AI and tech exports drove a banner for exports last year as Taiwan’s economic growth experienced a flood tide Taiwan’s exports delivered a blockbuster finish to last year with last month’s shipments rising at the second-highest pace on record as demand for artificial intelligence (AI) hardware and advanced computing remained strong, the Ministry of Finance said yesterday. Exports surged 43.4 percent from a year earlier to US$62.48 billion last month, extending growth to 26 consecutive months. Imports climbed 14.9 percent to US$43.04 billion, the second-highest monthly level historically, resulting in a trade surplus of US$19.43 billion — more than double that of the year before. Department of Statistics Director-General Beatrice Tsai (蔡美娜) described the performance as “surprisingly outstanding,” forecasting export growth
RSS