Taiwan stocks fell, as investors took profit a day after posting the biggest jump in a month, as Premier Chang Chun-hsiung (
"If the DPP don't have a majority in the next election [in December] they will have to compromise on every issue," said David Lee (
"This sets a very bad example." Chang and parliamentary Speaker Wang Jin-pyng (
Taiwan Semiconductor Manufacturing Co (TSMC,
TSMC fell NT$4, or 4.1 percent, to NT$94.00 on concern slower global growth will hurt demand for its chips. Last week, TSMC Chairman Morris Chang (張忠謀) said first-quarter profit and sales will fall by at least a quarter as slower global growth saps demand for its chips. The world's No. 1 build-to-order chipmaker's operating margins will fall 24 percent during the same period, while use of production capacity will fall to 70 percent, Chang said.
United Microelectronic Corp (
Semiconductor "supply increased, demand slowed over the third and fourth quarters" last year, said Andrew Lu (陸行之), head of regional technology research at Salomon Smith Barney Securities Taiwan Ltd. "There is a major slowdown in demand for chips in the telecommunication sector." First Commercial Bank (第一銀行) rose NT$0.40, or 1.5 percent, to NT$27.50 after earlier rising as much as 6.6 percent. The government-controlled bank will merge with Pan Asia Bank Co (泛亞銀行) and Dah-An Commercial Bank of Taiwan (大安銀行) That marks the second, three-way Taiwan bank merger in two days, as the government pushes for consolidation among lenders burdened by bad loans and poor returns. Finance Minister Yen Ching-chang (顏慶章) said there will be more mergers in coming months.
Quanta Computer Inc (廣達) fell NT$3.5, or 3.6 percent, to NT$94.5. Goldman Sachs Group Inc said it's lowering its 2000 and 2001 earnings per share forecast for the notebook manufacturer because of investment losses in its thin film transistor liquid crystal display (TFT-LCD) manufacturing operations.
Goldman's new EPS estimates are NT$4.67 in 2000 from NT$4.76 and Via Technologies Inc (威盛) fell NT$14, or 4.2 percent, to NT$323. The world's No. 2 chipset company plans to spend US$13 million to consolidate and expand its support and distribution network for central processing units in China.
NATIONAL SECURITY: The Chinese influencer shared multiple videos on social media in which she claimed Taiwan is a part of China and supported its annexation Freedom of speech does not allow comments by Chinese residents in Taiwan that compromise national security or social stability, the nation’s top officials said yesterday, after the National Immigration Agency (NIA) revoked the residency permit of a Chinese influencer who published videos advocating China annexing Taiwan by force. Taiwan welcomes all foreigners to settle here and make families so long as they “love the land and people of Taiwan,” Premier Cho Jung-tai (卓榮泰) told lawmakers during a plenary session at the Legislative Yuan in Taipei. The public power of the government must be asserted when necessary and the Ministry of
Proposed amendments would forbid the use of all personal electronic devices during school hours in high schools and below, starting from the next school year in August, the Ministry of Education said on Monday. The Regulations on the Use of Mobile Devices at Educational Facilities up to High Schools (高級中等以下學校校園行動載具使用原則) state that mobile devices — defined as mobile phones, laptops, tablets, smartwatches or other wearables — should be turned off at school. The changes would stipulate that use of such devices during class is forbidden, and the devices should be handed to a teacher or the school for safekeeping. The amendments also say
CONSISTENT COMMITMENT: The American Institute in Taiwan director said that the US would expand investment and trade relationships to make both nations more prosperous The US would not abandon its commitment to Taiwan, and would make Taiwan safer, stronger and more prosperous, American Institute in Taiwan Director Raymond Greene said. “The US’ commitment to Taiwan has been consistent over many administrations and over many years, and we will not abandon our commitment to Taiwan, including our opposition to any attempt to use force or coercion to change Taiwan’s status,” he said in an exclusive interview with the Liberty Times (the sister newspaper of the Taipei Times) on Friday last week, which was published in the Chinese-language newspaper yesterday. The US would double down on its efforts
EMBRACING TAIWAN: US lawmakers have introduced an act aiming to replace the use of ‘Chinese Taipei’ with ‘Taiwan’ across all Washington’s federal agencies A group of US House of Representatives lawmakers has introduced legislation to replace the term “Chinese Taipei” with “Taiwan” across all federal agencies. US Representative Byron Donalds announced the introduction of the “America supports Taiwan act,” which would mandate federal agencies adopt “Taiwan” in place of “Chinese Taipei,” a news release on his page on the US House of Representatives’ Web site said. US representatives Mike Collins, Barry Moore and Tom Tiffany are cosponsors of the legislation, US political newspaper The Hill reported yesterday. “The legislation is a push to normalize the position of Taiwan as an autonomous country, although the official US
RSS