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.
Taiwan has arranged for about 8 million barrels of crude oil, or about one-third of its monthly needs, to be shipped from the Red Sea this month to bypass the Strait of Hormuz and ease domestic supply pressures, CPC Corp, Taiwan (CPC, 台灣中油) said yesterday. The state-run oil company has worked with Middle Eastern suppliers to secure routes other than the Strait of Hormuz, through which about 20 percent of the world’s oil and liquefied natural gas typically passes, CPC chairman Fang Jeng-zen (方振仁) said at a meeting of the legislature’s Economics Committee in Taipei. Suppliers in Saudi Arabia have indicated they
A global survey showed that 60 percent of Taiwanese had attained higher education, second only to Canada, the Ministry of the Interior said. Taiwan easily surpassed the global average of 43 percent and ranked ahead of major economies, including Japan, South Korea and the US, data from the Organisation for Economic Co-operation and Development (OECD) for 2024 showed. Taiwan has a high literacy rate, data released by the ministry showed. As of the end of last year, Taiwan had 20.617 million people aged 15 or older, accounting for 88.5 percent of the total population, with a literacy rate of 99.4 percent, the data
CCP ‘PAWN’? Beijing could use the KMT chairwoman’s visit to signal to the world that many people in Taiwan support the ‘one China’ principle, an academic said Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday arrived in China for a “peace” mission and potential meeting with Chinese President Xi Jinping (習近平), while a Taiwanese minister detailed the number of Chinese warships currently deployed around the nation. Cheng is visiting at a time of increased Chinese military pressure on Taiwan, as the opposition-dominated Legislative Yuan stalls a government plan for US$40 billion in extra defense spending. Speaking to reporters before going to the airport, Cheng said she was going on a “historic journey for peace,” but added that some people felt uneasy about her trip. “If you truly love Taiwan,
South Korea has adjusted its electronic arrival card system to no longer list Taiwan as a part of China, a move that the Ministry of Foreign Affairs said would help facilitate exchanges between the two sides. South Korea previously listed “Taiwan” as “Taiwan (China)” in the drop-down menus of its online arrival card system, where people had to fill out where they came from and their next destination. The ministry had requested South Korea make a revision and said it would change South Korea’s name on Taiwan’s online immigration system from “Republic of Korea” to “Korea (South),” should the issue not be
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