Taiwan stocks rose, led by computer maker Quanta Computer Inc (
The TWSE Index rose 70.15, or 2 percent, to 3563.81. Within the index, 223 stocks rose and 210 fell.
Dell reiterated its August forecasts for profit of US$0.15 or US$0.16 a share on sales of US$7.2 billion to US$7.6 billion in the quarter ending Nov. 2.
Dell's statement "is positive for Quanta which get 45 percent of all its revenue from Dell," said Alison Yip, an analyst at CLSA Ltd in Taipei, who has a "buy" recommendation on Quanta's shares.
"Dell is strongly gaining market share," she said.
Dell Computer Corp suppliers gained.
"We foresee a pick-up in the fourth quarter versus third-quarter computer demand driven by
hardware and software upgrades," said Kent Chen, head of research at CLSA in Taiwan.
Compal Electronics Inc (
Quanta Computer, which also makes notebook computers for Dell, rose NT$3.50, or 5.3 percent, to NT$69.
Chipmakers rose after the widely watched Philadelphia Semiconductor Index rose 4.3 percent yesterday.
United Microelectronics Corp (UMC, 聯電) rose NT$1.60, or 6.8 percent, to NT$25.
Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電) rose NT$2.40, or 5.4 percent, to NT$46.70.
Asustek Computer Inc (華碩電腦), Hon Hai Precision Industry Ltd (鴻海精密) and Yageo Corp (國巨) gained on a Goldman Sachs Group Inc report that Sony Corp may farm out as much as 30 percent of its annual PlayStation 2 video-game console production to the three companies.
Asustek, Taiwan's biggest computer motherboard maker, rose NT$7, or 7 percent, to NT$107.
Hon Hai, which makes everything in a computer except chips, rose NT$3, or 2.8 percent, to NT$110.
Yageo rose NT$0.50, or 2.8 percent, to NT$18.70.
EXPRESSING GRATITUDE: Without its Taiwanese partners which are ‘working around the clock,’ Nvidia could not meet AI demand, CEO Jensen Huang said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and US-based artificial intelligence (AI) chip designer Nvidia Corp have partnered with each other on silicon photonics development, Nvidia founder and CEO Jensen Huang (黃仁勳) said. Speaking with reporters after he met with TSMC chairman C.C. Wei (魏哲家) in Taipei on Friday, Huang said his company was working with the world’s largest contract chipmaker on silicon photonics, but admitted it was unlikely for the cooperation to yield results any time soon, and both sides would need several years to achieve concrete outcomes. To have a stake in the silicon photonics supply chain, TSMC and
IDENTITY: Compared with other platforms, TikTok’s algorithm pushes a ‘disproportionately high ratio’ of pro-China content, a study has found Young Taiwanese are increasingly consuming Chinese content on TikTok, which is changing their views on identity and making them less resistant toward China, researchers and politicians were cited as saying by foreign media. Asked to suggest the best survival strategy for a small country facing a powerful neighbor, students at National Chia-Yi Girls’ Senior High School said “Taiwan must do everything to avoid provoking China into attacking it,” the Financial Times wrote on Friday. Young Taiwanese between the ages of 20 and 24 in the past were the group who most strongly espoused a Taiwanese identity, but that is no longer
A magnitude 6.4 earthquake and several aftershocks battered southern Taiwan early this morning, causing houses and roads to collapse and leaving dozens injured and 50 people isolated in their village. A total of 26 people were reported injured and sent to hospitals due to the earthquake as of late this morning, according to the latest Ministry of Health and Welfare figures. In Sising Village (西興) of Chiayi County's Dapu Township (大埔), the location of the quake's epicenter, severe damage was seen and roads entering the village were blocked, isolating about 50 villagers. Another eight people who were originally trapped inside buildings in Tainan
SHARED VALUES: The US, Taiwan and other allies hope to maintain the cross-strait ‘status quo’ to foster regional prosperity and growth, the former US vice president said Former US vice president Mike Pence yesterday vowed to continue to support US-Taiwan relations, and to defend the security and interests of both countries and the free world. At a meeting with President William Lai (賴清德) at the Presidential Office in Taipei, Pence said that the US and Taiwan enjoy strong and continued friendship based on the shared values of freedom, the rule of law and respect for human rights. Such foundations exceed limitations imposed by geography and culture, said Pence, who is visiting Taiwan for the first time. The US and Taiwan have shared interests, and Americans are increasingly concerned about China’s
RSS