Stocks fell as chipmakers such as United Microelectronics Corp (
UMC fell NT$1.50, or 3.4 percent, to NT$43.30. HSBC Securities (Asia) Ltd cut its 2002 earnings forecast for the world's No. 2 made-to-order chipmaker by more than a tenth, citing lower third-quarter sales growth as customers cut back orders.
"Chipmakers' third-quarter orders aren't so clear," said Jeff Chen, who manages NT$3.8 billion (US$109 million) in stocks at E. Sun Securities Investment Trust Co (
The TAIEX fell 43.28, or 0.8 percent, to 5,527.80. Within the index, about 23 stocks rose for every 20 that fell. The total value of trade was NT$50.3 billion (US$1.5 billion), almost three-fifths below the six-month daily average of NT$120.7 billion.
The index gained almost nine-tenths between Oct. 3 and April 24 on signs of a US economic recovery. It's fallen 14 percent since then on concern that recovery may lag expectations, damping a revival in companies' earnings.
Amtran Technology Co (
AU Optronics Corp (
Cosmos Bank Taiwan (
Elitegroup Computer Systems Co (精英電腦) rose NT$1, or 0.6 percent, to NT$170. The nation's third-largest computer-motherboard maker forecast sales in May grew a tenth to about NT$5 billion from April, which marked the bottom in terms of month-on-month sales, a Chinese-language newspaper reported, citing Chairman Chiang Kuo-ming (蔣國明). Demand will revive starting at the end of June, the paper cited Chiang as saying.
Silicon Integrated Systems Corp (
United Epitaxy Co (
VIA Technologies Inc (
Japan has deployed long-range missiles in a southwestern region near China, the Japanese defense minister said yesterday, at a time when ties with Beijing are at their lowest in recent years. The missiles were installed in Kumamoto in the southern region of Kyushu, as Japan is attempting to shore up its military capacity as China steps up naval activity in the East China Sea. “Standoff defense capabilities enable us to counter the threat of enemy forces attempting to invade our country ... while ensuring the safety of our personnel,” Japanese Minister of Defense Shinjiro Koizumi said. “This is an extremely important initiative for
The nation’s fastest supercomputer, Nano 4 (晶創26), is scheduled to be launched in the third quarter, and would be used to train large language models in finance and national defense sectors, the National Center for High-Performance Computing (NCHC) said. The supercomputer, which would operate at about 86.05 petaflops, is being tested at a new cloud computing center in the Southern Taiwan Science Park in Tainan. The exterior of the server cabinet features chip circuitry patterns overlaid with a map of Taiwan, highlighting the nation’s central position in the semiconductor industry. The center also houses Taiwania 2, Taiwania 3, Forerunner 1 and
MORE POPULAR: Taiwan Pass sales increased by 59 percent during the first quarter compared with the same period last year, the Tourism Administration said The Tourism Administration yesterday said that it has streamlined the Taiwan Pass, with two versions available for purchase beginning today. The tourism agency has made the pass available to international tourists since 2024, allowing them to access the high-speed rail, Taiwan Railway Corp services, four MRT systems and four Taiwan Tourist Shuttles. Previously, five types of Taiwan Pass were available, but some tourists have said that the offerings were too complicated. The agency said only two types of Taiwan Pass would be available, starting from a three-day pass with the high-speed rail and a three-day pass with Taiwan Railway Corp. The former costs NT$2,800
FIRST TRIAL: Ko’s lawyers sought reduced bail and other concessions, as did other defendants, but the bail judge denied their requests, citing the severity of the sentences Former Taipei mayor Ko Wen-je (柯文哲) was yesterday sentenced to 17 years in prison and had his civil rights suspended for six years over corruption, embezzlement and other charges. Taipei prosecutors in December last year asked the Taipei District Court for a combined 28-year, six-month sentence for the four cases against Ko, who founded the Taiwan People’s Party (TPP). The cases were linked to the Core Pacific City (京華城購物中心) redevelopment project and the mismanagement of political donations. Other defendants convicted on separate charges included Chinese Nationalist Party (KMT) Taipei City Councilor Angela Ying (應曉薇), who was handed a 15-year, six-month sentence; Core Pacific
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