Taiwan stocks rose, led by Asustek Computer Inc (華碩電腦), on optimism orders for motherboards will increase after its customer Hewlett-Packard Co said it will buy Compaq Computer Corp for US$25 billion.
"People think that after the merger, there will be order consolidation" and Asustek may get more sales, said Teresa Chen, an analyst at Deutsche Securities in Taiwan.
Leaving the broad market mixed, Hon Hai Precision Industry Ltd (鴻海精密) declined on concern price cuts by competitors will prompt Hon Hai to follow suit, eroding its margins.
The TWSE Index advanced 38.76, or 0.9 percent, to 4493.53, after falling as much as 1.1 percent. Five stocks fell for every four that rose. Trade today was NT$51.1 billion (US$1.48 billion), up from NT$41.29 billion yesterday.
Companies that supply parts to Hewlett-Packard, the second-biggest computer maker, gained on hopes they'll receive more orders after H-P said it will buy Compaq Computer for US$25 billion in stock.
Asustek Computer Inc surged NT$8.50, or 6.7 percent, to NT$135.50. Deutsche's Chen says Asustek ships between 12 percent and 15 percent of its motherboards to H-P. Compal Electronics Inc (仁寶電腦), which counts H-P as its second-largest customer, rose NT$2.20, or 7 percent, to NT$33.70, Chen said. Quanta Computer Inc (廣達電腦)which counts H-P as its biggest customer, rose NT$5, or 6.5 percent, to NT$82.
Hon Hai Precision Industry Ltd (鴻海) fell NT$1, or 0.8 percent, to NT$123.50 on concern the company may continue to experience eroding margins as competitors cut prices. Angela Soh, an analyst at ING Barings (Hong Kong) Ltd, has cut her 2001 recurring earnings-per-share forecast for the company by 15 percent to NT$5.85 from NT$6. She expects the stock, which has fallen 21 percent since Aug. 27, to fall to NT$100.
Banks and insurers gave back some of last week's 13 percent rally as a group on speculation parliament will approve a 50 percent cut in profits on capital gains from property sales.
Cathay Life Insurance Ltd (國泰人壽) fell NT$0.70, or 1.7 percent, to NT$39.70. China Development Industrial Bank (中華開發銀行) fell NT$0.50, or 2.1 percent to NT$23.20. First Commercial Bank (第一銀行), the biggest listed lender by assets, fell NT$0.70, or 3.8 percent, to NT$17.60. Hua Nan Commercial Bank (華南銀行) fell NT$0.50, or 2.7 percent, to NT$18.40.
Thin film transistor liquid crystal display makers fell on concern prices will remain below the cost of production, prompting further losses.
Taiwan Semiconductor Man-ufacturing Co (
Nvidia Corp yesterday unveiled its new high-speed interconnect technology, NVLink Fusion, with Taiwanese application-specific IC (ASIC) designers Alchip Technologies Ltd (世芯) and MediaTek Inc (聯發科) among the first to adopt the technology to help build semi-custom artificial intelligence (AI) infrastructure for hyperscalers. Nvidia has opened its technology to outside users, as hyperscalers and cloud service providers are building their own cost-effective AI chips, or accelerators, used in AI servers by leveraging ASIC firms’ designing capabilities to reduce their dependence on Nvidia. Previously, NVLink technology was only available for Nvidia’s own AI platform. “NVLink Fusion opens Nvidia’s AI platform and rich ecosystem for
WARNING: From Jan. 1 last year to the end of last month, 89 Taiwanese have gone missing or been detained in China, the MAC said, urging people to carefully consider travel to China Lax enforcement had made virtually moot regulations banning civil servants from making unauthorized visits to China, the Control Yuan said yesterday. Several agencies allowed personnel to travel to China after they submitted explanations for the trip written using artificial intelligence or provided no reason at all, the Control Yuan said in a statement, following an investigation headed by Control Yuan member Lin Wen-cheng (林文程). The probe identified 318 civil servants who traveled to China without permission in the past 10 years, but the true number could be close to 1,000, the Control Yuan said. The public employees investigated were not engaged in national
ALL TOGETHER: Only by including Taiwan can the WHA fully exemplify its commitment to ‘One World for Health,’ the representative offices of eight nations in Taiwan said The representative offices in Taiwan of eight nations yesterday issued a joint statement reiterating their support for Taiwan’s meaningful engagement with the WHO and for Taipei’s participation as an observer at the World Health Assembly (WHA). The joint statement came as Taiwan has not received an invitation to this year’s WHA, which started yesterday and runs until Tuesday next week. This year’s meeting of the decisionmaking body of the WHO in Geneva, Switzerland, would be the ninth consecutive year Taiwan has been excluded. The eight offices, which reaffirmed their support for Taiwan, are the British Office Taipei, the Australian Office Taipei, the
CAUSE AND EFFECT: China’s policies prompted the US to increase its presence in the Indo-Pacific, and Beijing should consider if this outcome is in its best interests, Lai said China has been escalating its military and political pressure on Taiwan for many years, but should reflect on this strategy and think about what is really in its best interest, President William Lai (賴清德) said. Lai made the remark in a YouTube interview with Mindi World News that was broadcast on Saturday, ahead of the first anniversary of his presidential inauguration tomorrow. The US has clearly stated that China is its biggest challenge and threat, with US President Donald Trump and US Secretary of Defense Pete Hegseth repeatedly saying that the US should increase its forces in the Indo-Pacific region
RSS