Reported about 1 year ago
Taiwan stocks hit a new high on July 4, 2024, driven by the electronics sector, with NVIDIA facing antitrust allegations in France. Market anticipates increased focus on ASIC development, benefiting companies like Creative (3443) and Genius (3035) in IC design as U.S. CSP companies accelerate chip development. Despite challenges, market expects revenue growth for Creative and Genius, with the latter expanding collaborations for revenue recovery and increased profit forecasts up to 2026. Market remains positive on economic recovery and regulatory developments.
Source: YAHOO