Aggregate sales by companies listed on the local main board rose more than 7 percent year-on-year in June, led by surging global demand for artificial intelligence (AI) technologies, the Taiwan Stock Exchange Corp (TWSE) said on Friday.
Combined revenue reached NT$3.66 trillion (US$125 billion) last month, up 7.37 percent from a year earlier, with 519 firms reporting year-on-year sales growth and 526 reporting a decline, TWSE said in a statement.
Among the major industries, the computer and peripheral equipment sector posted the strongest performance, with revenue soaring nearly 45 percent to NT$935 billion, fueled by robust global demand for artificial intelligence (AI) servers, the exchange said.
Photo: RITCHIE B. TONGO, EPA-EFE
The environmental protection and renewable energy sector ranked second, reporting an almost 38 percent year-on-year increase in revenue to NT$12 billion, it said.
The information service industry also saw solid growth, generating NT$11 billion in sales last month, an increase of more than 29 percent from a year earlier, it added.
On the other hand, the financial and insurance industry recorded the sharpest year-on-year revenue decline for last month, dropping 45.5 percent to NT$108.7 billion amid volatility in global financial markets, TWSE said.
The trade and retail sector also posted a significant decline, with revenue falling 35 percent year-on-year to NT$33.6 billion, due to foreign exchange and investment losses, while the cement industry was hit by weakening demand, generating NT$18 billion in sales, down nearly 20 percent from the same month last year, the exchange said.
In the first half of the year, TWSE-listed companies reported total revenue of NT$21.94 trillion, up 13.82 percent from a year earlier, with 619 firms posting sales growth and 426 reporting declines, the exchange’s data showed.
Riding the global AI boom, the computer and peripheral equipment industry led all sectors in the six-month period, posting NT$4.88 trillion in revenue, an increase of 38.81 percent year-on-year, TWSE said.
Meanwhile, the combined revenue posted by companies listed on the local over-the-counter (OTC) market rose 7.72 percent from a year earlier to NT$250.2 billion last month, the Taipei Exchange (TPEx) said.
For the January to June period, OTC-listed firms posted combined sales of NT$1.45 trillion, up 9.67 percent from the same period last year, TPEx data showed.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS