The TAIEX rose, led by Nanya Technology Corp (
Hynix Semiconductor Inc Chief Executive Park Chong Sup left for the US for more talks with larger rival Micron Technology Inc, in a bid to reach an initial agreement on a tie-up, the Korean company said.
Leaving the broad market mixed, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) fell on concerns investors will buy as many as US$1 billion worth of shares the government is selling overseas instead of the chipmaker's locally traded stock. TSMC fell NT$0.50, or 0.6 percent, to NT$90.
The TAIEX added 6.05, or 0.1 percent, to 5804.10. The total value of shares traded was NT$175.9 billion (US$5 billion), more than double the full-day daily average in the past six months. Within the index, 316 stocks rose and 182 fell. Of the 10 most active stocks by value, eight gained and one fell and one was unchanged.
Some local investors see further gains.
"Local guys are building their portfolios here again," said Cheng Yi-sheng, who helps manage about NT$1.5 billion at Taiwan Securities Co (
Memory chipmakers gained as Hynix Semiconductor, the third-largest, and Micron Technology, the second-largest, start their fourth round of talks to create what could be the largest maker of computer memory chips, overtaking Korea's Samsung Electronics Co.
Such a tie-up would reduce the supply of chips, allowing prices to rise.
Mosel Vitelic Inc (茂矽電子) rose NT$1.10, or 6.6 percent, to NT$17.80. Nanya Technology rose NT$2.90, or 6.9 percent, to NT$44.70. Powerchip Semiconductor Corp (力晶半導體) rose NT$1.80, or 6.7 percent, to NT$28.80. Promos Technologies Inc (茂德科技) rose NT$2, or 6.8 percent, to NT$31.30.
Some mobile telephone operators dropped on concerns they may overpay for a so-called third generation mobile phone license. The government is accepting for a sixth day bids for five 3G mobile telephone licenses worth at least NT$33.6 billion (US$960 million).
The companies were asked to initially submit bids at least 1 percent above the reserve price of five licenses worth between NT$4.2 billion and NT$7.6 billion.
Far EasTone Telecommunications Co (
Acer Inc (
Benq was unchanged at NT$58.
Siliconware Precision Industries Co (矽品精密) rose NT$1, or 3.5 percent, to NT$29.60. The chip packager plans to sell US$175 million of securities convertible into shares. Morgan Stanley Dean Witter & Co may try to sell an additional US$25 million of the securities if there is enough demand.
NO HUMAN ERROR: After the incident, the Coast Guard Administration said it would obtain uncrewed aerial vehicles and vessels to boost its detection capacity Authorities would improve border control to prevent unlawful entry into Taiwan’s waters and safeguard national security, the Mainland Affairs Council (MAC) said yesterday after a Chinese man reached the nation’s coast on an inflatable boat, saying he “defected to freedom.” The man was found on a rubber boat when he was about to set foot on Taiwan at the estuary of Houkeng River (後坑溪) near Taiping Borough (太平) in New Taipei City’s Linkou District (林口), authorities said. The Coast Guard Administration’s (CGA) northern branch said it received a report at 6:30am yesterday morning from the New Taipei City Fire Department about a
IN BEIJING’S FAVOR: A China Coast Guard spokesperson said that the Chinese maritime police would continue to carry out law enforcement activities in waters it claims The Philippines withdrew its coast guard vessel from a South China Sea shoal that has recently been at the center of tensions with Beijing. BRP Teresa Magbanua “was compelled to return to port” from Sabina Shoal (Xianbin Shoal, 仙濱暗沙) due to bad weather, depleted supplies and the need to evacuate personnel requiring medical care, the Philippine Coast Guard (PCG) spokesman Jay Tarriela said yesterday in a post on X. The Philippine vessel “will be in tiptop shape to resume her mission” after it has been resupplied and repaired, Philippine Executive Secretary Lucas Bersamin, who heads the nation’s maritime council, said
CHINA POLICY: At the seventh US-EU Dialogue on China, the two sides issued strong support for Taiwan and condemned China’s actions in the South China Sea The US and EU issued a joint statement on Wednesday supporting Taiwan’s international participation, notably omitting the “one China” policy in a departure from previous similar statements, following high-level talks on China and the Indo-Pacific region. The statement also urged China to show restraint in the Taiwan Strait. US Deputy Secretary of State Kurt Campbell and European External Action Service Secretary-General Stefano Sannino cochaired the seventh US-EU Dialogue on China and the sixth US-EU Indo-Pacific Consultations from Monday to Tuesday. Since the Indo-Pacific consultations were launched in 2021, references to the “one China” policy have appeared in every statement apart from the
More than 500 people on Saturday marched in New York in support of Taiwan’s entry to the UN, significantly more people than previous years. The march, coinciding with the ongoing 79th session of the UN General Assembly, comes close on the heels of growing international discourse regarding the meaning of UN Resolution 2758. Resolution 2758, adopted by the UN General Assembly in 1971, recognizes the People’s Republic of China (PRC) as the “only lawful representative of China.” It resulted in the Republic of China (ROC) losing its seat at the UN to the PRC. Taiwan has since been excluded from
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