Reported about 1 year ago
On July 4, 2024, Asian stock markets reached new highs as the US economic data weakened, heightening expectations of a Fed rate cut in September. The Taiwan Stock Exchange benefited from TSMC's performance, while both the Japanese and South Korean markets hit historical highs. However, Chinese stocks continued to struggle, with all three major indexes closing in the red. The global stock market rallied on the increased likelihood of a September rate cut, with the Japanese Nikkei 225 and South Korea's Kospi index both achieving significant gains.
Source: YAHOO
Reported about 1 year ago
On July 4, 2024, Tesla unveiled its humanoid robot, Optimus Gen 2, at the 2024 World Artificial Intelligence Conference in Shanghai, causing a surge in robot concept stocks on the A-share market despite a 0.83% overall decline. The new Optimus model showcases advancements in human-like movements and capabilities, with improved walking speed and finger dexterity. Tesla plans to begin limited production of these robots in 2025, with ambitions to have over 1,000 Optimus units assisting in their factories, aiming to capture a significant portion of the estimated 10-20 billion future robot market, potentially generating billions in revenue for the company. Tesla CEO Elon Musk envisions a future where robots become an industrial mainstay, outnumbering humans in quantity.
Source: YAHOO
Reported about 1 year ago
On July 4, 2024, led by TSMC, the Taiwan stock market hit a record high with the index reaching 23,571 points during the day and closing at 23,522 points, up by 350 points. AI and Apple-concept stocks dominated the market, along with green energy and electrification stocks benefiting as the demand for electricity increases in the summer heat. With TSMC surpassing the 1,000 yuan mark and the stock market setting five records, experts predict that the market is poised to challenge the 24,000 mark. Investment strategies focus on AI supply chains and sectors related to TSMC, advanced packaging, robotics, memory, green energy, and energy storage, as well as key industries like semiconductors, AI, and defense. Experts anticipate a strong third quarter for the electronics industry, with TSMC expanding production capacity and positive market conditions supporting potential gains towards the year-end profit target of 3.5 trillion, a 20% increase from the previous year.
Source: YAHOO
Reported about 1 year ago
After e-commerce giant Amazon's stock price hit an all-time high, founder Jeff Bezos plans to sell 25 million shares of Amazon stock, potentially cashing out nearly $5 billion. Amazon's stock price closed at $200.43 on the 2nd, the highest since its IPO in 1997. Investors are optimistic about AI prospects driving growth in Amazon's cloud business, with the stock up over 30% this year, outperforming the market significantly. Despite a 1.2% drop on the 3rd to $197.59, Bezos announced selling the shares, using the latest 10b5-1 plan that allows him to sell the shares by the end of December 2025.
Source: YAHOO
Reported about 1 year ago
Wu Yongjian, the Artistic Director of Wanfang International Art and Octagon, discussed the integration of art and technology to evoke emotional responses through interactive and AI-generated artworks in the future, emphasizing the value of humanistic spirit. The upcoming immersive light and shadow art exhibition 'The Boundless Illusion of Metaverse' aims to counter the excessive visual stimuli from technology and short videos, urging visitors to meditate and reflect on their consciousness. This adaptation is vital in an era where people must coexist with AI and simulation robots.
Source: YAHOO
Reported about 1 year ago
Benefiting from continuous growth in overseas markets such as Southeast Asia and Europe, leading gaming stock Gigabyte achieved a record high revenue of 1.554 billion in June, marking the second highest in history. The company's monthly revenue has exceeded 1.5 billion for two consecutive months, serving as a significant milestone. Gigabyte's June revenue slightly dropped by 1.1% compared to May, reaching 15.72 billion, with a year-on-year increase of 32.9%. As June had 30 operating days, it could have set a new revenue record. Gigabyte's second-quarter revenue reached 45.75 billion, growing by 9.52% from the previous quarter and 31.54% from the same period last year, setting a new quarterly revenue record. The accumulated revenue from January to June was 87.52 billion, with a yearly growth rate of 28.66%. At a recent shareholder meeting, Chairman Lee Kezhu stated that Gigabyte's growth momentum in 2024 comes from overseas licensing, with the strongest growth in Southeast Asia, followed by Europe. The company expects better performance in 2024 compared to 2023. Gigabyte recently announced a pre-tax earnings per share of 30.39 for the period from January to May. The company's current revenue is primarily from overseas licensing at 53%, followed by online games at 37%, and commercial machines at about 10%. The majority of overseas licensed products are related to gaming, including slot machines and fishing games. Southeast Asia contributes the highest share of revenue in the overseas market, reaching 38%. The European market is showing promising development this year, and revenue is expected to be fully recognized.
Source: YAHOO
Reported about 1 year ago
Recent years have seen an increasing acceptance of silver residences by the 55 to 64-year-old aging population who are financially capable and able to take care of themselves, indicating a trend towards 'youthification' of silver residences. With Taiwan's aging population projected to surpass 20% of the total population by 2025, the demand for elderly-friendly living environments like silver residences is expected to grow, presenting significant commercial potential. The market is favoring silver residences located in convenient suburban areas with good transportation, medical, and commercial facilities, along with services like healthcare, concierge services, elderly learning programs, and community building.
Source: YAHOO
Reported about 1 year ago
Titanium held an opening ceremony for its Jiangsu NanTong plant on July 4, 2024. General Manager Zhang Guangming and CEO Huang Jiangting attended the event. The plant focuses on wireless radio frequency identification (RFID) and discrete component assembly using plasma cutting technology, with strong demand and expected revenue contribution by the fourth quarter. Market analysts are optimistic that the company will turn a profit in the second quarter. Titanium specializes in semiconductor equipment and plans to expand its product offerings to various industries, including semiconductors, soft boards, LED, and panels. The new plant is expected to contribute to revenue growth by the end of the year, as Titanium continues to innovate in semiconductor equipment R&D and expand its presence in the market.
Source: YAHOO
Reported about 1 year ago
In the context of predictable global monetary policies and stability, with strong operational performance from TSMC, the demand for high-speed computing and automotive-related industries is expected to remain stable. With a strong fundamental base, the long-term outlook remains positive. Boosted by leading semiconductor stocks like TSMC, the semiconductor index futures have hit historical highs, and as long as the index stays above the monthly line, new highs are expected. The global digital transformation is accelerating with increased orders in the Taiwan semiconductor industry, driven by the trade war and pandemic making high-end chips a strategic resource in global competition. Despite the sharp decline in U.S. June ISM Non-Manufacturing Index and ADP Employment Report, the Fed's chances of cutting rates by 0.25% in September have risen to 66.5%, leading to continuous funds flowing into semiconductor and other technology stocks.
Source: YAHOO
Reported about 1 year ago
The President of Taiwan Economic Society, Sun Zhili, emphasized the potential of AI in various fields, such as carbon footprint analysis for climate change adaptation. Sun believes that integrating AI into industries can lead to further growth and progress. The discussion on the coexistence and development of AI and humanity is ongoing, with examples of AI's assistance in art restoration and creation through AR and VR technology. Sun also highlighted the importance of creativity and expertise in providing accurate inputs for AI to function effectively. Ultimately, the advancement of AI technology can enhance work efficiency and skill levels, contributing to the development of a better society by solving current issues and meeting new demands.
Source: YAHOO
Reported about 1 year ago
Hua Nan Bank has invested 2 billion NT dollars over five years to construct a 12-story, 3-story underground information building in Tu-Cheng District, New Taipei City, with a total area of approximately 5,597 pings. This building has obtained Tier III design certification (TCDD) and facility certification (TCCF) from the international data center certification organization, Uptime Institute, making it the third in Taiwan to receive such recognition. The Tier III level computer data center design allows for continuous operation in the event of disasters, ensuring uninterrupted banking operations and service quality. The building's electrical distribution system, emergency power supply system, air conditioning cooling system, and power monitoring system all have redundant functions to maintain operation during planned maintenance.
Source: YAHOO
Reported about 1 year ago
KiMi General Manager Jiang Junqi stated on July 4, 2024, that the company's deep research services, clinical testing, and CDMO core business, combined with resources from subsidiary Lester and other factors, have shown gradual benefits from diversified transformation and upgrades. Anticipating increased demand for LDTs (Laboratory Developed Tests) services and NGS (Next-Generation Sequencing) business, as well as contributions from new Thermo exclusive agencies and CDMO performance, KiMi expects revenue to rise quarter by quarter in the second half of the year, with annual revenue growth starting in the double digits. The company's revenue mix currently consists of approximately 70% from scientific research services, 25% from clinical testing, and 5% from CDMO. With an increase in NGS testing demand in the second half of the year, the revenue is expected to accelerate further.
Source: YAHOO
Reported about 1 year ago
Far Eastern New Century, with 570,000 ping of land assets nationwide, plans to accelerate asset activation focusing on industrial development with residential projects as supplements. The development approach includes leasing, selling, and joint ventures. The company's land assets are mainly in prime locations in northern Taiwan, with around 40% being investment properties. The surge in technology industry investment has led to high demand for industrial land, prompting Far Eastern New Century to expedite the development of old factories in areas like Banqiao, Xinzhuang, Neili, Taishan, Yilan, and Guanyin Industrial Zone. Projects like Tpark in Banqiao and the Neili Land Development in Taoyuan are underway, aiming to revitalize assets. Future plans include a hot spring resort in Yilan, industrial land in Taishan and Wugu, and a digital currency regulation breakthrough in the U.S.
Source: YAHOO
Reported about 1 year ago
With the slowdown in the US economy and cooling inflation, market expectations of a rate cut have increased, boosting both stocks and bonds. Investment experts suggest diversifying into a mix of stocks and bonds for safety, as the US is expected to cut rates in the latter half of the year. Various factors such as fiscal support, loose financial conditions, high global rates, AI innovation, and strong economic and asset performance contribute to the current market volatility, providing opportunities for investors.
Source: YAHOO
Reported about 1 year ago
According to Reuters, despite the global trend towards reducing carbon emissions, the Indian government is accelerating the expansion of coal-fired power generation to meet the growing electricity demand. Prime Minister Modi recently formed a new cabinet, and the Energy Minister chaired a meeting to discuss speeding up power equipment orders for new coal power plants. This move is expected to lead to record-setting equipment orders for major power plants in India, with an increase in generation capacity by 31 GW over the next five to six years.
Source: YAHOO
Reported about 1 year ago
Min-Sheng University's Honorary Vice President for AI discipline, Lin Wen-Can, and students are using AOI technology to help strawberry farmers detect pest damage on leaves and integrating AMR technology for unmanned vehicles equipped with cameras to scan strawberry fields, upload data to the cloud, and assist farmers in quickly removing infected plants. This AI application not only saves labor but also demonstrates the university's capability to assist farmers with AI technology. Furthermore, the university has helped a food processing plant utilize AI in mixing machines to monitor flour fermentation, and is exploring AI applications in reducing carbon emissions and enhancing educational training in various fields.
Source: YAHOO
Reported about 1 year ago
In the world of technology stocks, AI-themed companies have been performing well this year due to the continuous evolution of AI technology and the rise of new technologies, increasing demand for the semiconductor supply chain. Despite potential price volatility as stock prices reach higher levels, experts believe there is still room for long-term growth in AI technology stocks. Companies like Baillie Gifford Asset Management point out that AI will drive new capital expenditure cycles, with tech transformation continuing to expand enterprise profitability. Analysts predict that global tech stocks' revenues over the next two years are expected to increase by about 10%, with earnings likely to double, making it one of the strongest performing industries. The tech industry's expansion cycle is seen as a marathon rather than a sprint, and even though the tech sector's momentum is strong, there is still significant long-term growth potential. As market sentiments stabilize and mainstream sectors regain favor, AI and tech-related stocks are showing strong growth trends, driving global tech stocks upwards.
Source: YAHOO
Reported about 1 year ago
According to the report from Taipei on July 4, 2024, at 4:10 PM, Walsin (3105) achieved a record monthly revenue in June of NT$1.666 billion, boosting its second-quarter revenue to NT$4.961 billion, a 11.68% increase from the previous quarter as expected by the company. The deepening cooperation with major customer Broadcom, an Apple supplier, is expected to stabilize orders in the second half of the year, with the peak season effects anticipated with the launch of new smartphones in the third quarter. Walsin demonstrated growth in its Wi-Fi and cellular PA-related businesses, while the demand for Wi-Fi 6E and Wi-Fi 7 products is expected to significantly increase, especially with Wi-Fi 7 products already shipping and forecasted to grow by 2025.
Source: YAHOO
Reported about 1 year ago
After TSMC's stock price soared above NT$1,000, the tick size is estimated to increase from NT$1 to NT$5, affecting the weighted index by up to 41 points per tick. With TSMC's stock reaching historic highs at NT$1,010 and NT$1,005 on July 4th, Taiwan's stock market has entered the era of TSMC surpassing NT$1,000. Concerns arise about the index's high dependence on TSMC's performance, leading to potential trading risks. Financial experts suggest caution in navigating the market during this period of significant milestone for TSMC's market value exceeding NT$26 trillion.
Source: YAHOO
Reported about 1 year ago
Former Speaker of the US House of Representatives, Nancy Pelosi, known as Congresswoman Stock Guru, and her husband Paul Pelosi, made adjustments to their investment portfolio in June. They bought 10,000 shares of NVIDIA stocks and invested in bullish call options for Broadcom while reducing their holdings in Tesla and Visa. Analysts predict potential gains for Pelosi from their NVIDIA and Broadcom investments, but their stock trading activities have raised suspicions of insider trading due to their past successful investments. Pelosi and her husband faced criticism for their stock trading activities, but proposals to ban congressional members and spouses from trading individual stocks have yet to gain consensus.
Source: YAHOO
Reported about 1 year ago
On July 4, 2024, Taiwan Semiconductor Manufacturing Company (TSMC) and Hua Cheng both broke the thousand-dollar mark, joining the ranks of 'Thousand-Dollar Stocks' along with other companies, totaling 19 in the Taiwanese stock market. With TSMC and Hua Cheng achieving new highs, a comparison effect was triggered among other 'Thousand-Dollar Stocks,' leading to price surges and several stocks hitting record highs. Analysts foresee a focus on AI, semiconductor supply chains, servers, and other sectors for the remainder of the year.
Source: YAHOO
Reported about 1 year ago
In an effort to attract foreign tourists, Taipei 101 collaborated with Pingtung County to bring the Jhueilan Flower Sea from the southern coast to the 89th floor, along with introducing Hello Kitty Apple Village pop-up store, Mei Li Hong Kong-style tea stall, and Rui Rui Food Research Institute's trendy foods. According to Taipei 101's statistics, the number of visitors to the observation deck increased by over 30% in the first half of the year, reaching 85% of pre-pandemic levels, with a significant number of Korean tourists. Taipei 101's shopping center also saw steady growth in the first half of the year, with a notable increase in non-boutique businesses due to a surge in tourist visits. The landmark attraction is collaborating with various city governments this summer to promote Taiwan's attractions and specialties, aiming to make Taipei 101 a starting point for tourists to explore all of Taiwan.
Source: YAHOO
Reported about 1 year ago
In a recent report, it was mentioned that server manufacturer Wiwynn (6669) aims to increase the proportion of AI servers in its overall revenue from 20% in the first quarter to 50% in the fourth quarter of 2024. Wiwynn is moving towards integrating thermal services, closely following the GB200 shipping demands to target higher shipments in the fourth quarter. The revenue from AI products in the fourth quarter of 2023 was around 20%, and it is expected to steadily increase throughout this year, possibly exceeding 50% by the end of 2024. Currently focusing on cloud service customers, Wiwynn's ASIC servers hold a higher share, while also expanding its GPU market in the latter half of the year with cooperation from NVIDIA. Progress on the AI server project is on track, with the latest Blackwell architecture AI servers from NVIDIA expected to be shipped in the fourth quarter, bringing an optimistic outlook for the second half of the year. The rise of AI computing in the second half of 2023 affected the demand for general servers in cloud data centers, but since the first quarter of this year, the growth in AI accelerated computing has complemented general server demands, showing a mutually beneficial trend.
Source: YAHOO
Reported about 1 year ago
The global trend of Industry 4.0 continues to evolve, with terminal blocks, CC-Link products, and electronic products inside distribution cabinets injecting new power into industrial automation. Ching Cheng (Dinkle) Enterprise Co., Ltd. focuses on providing industrial products with technological innovation and product diversity, offering customized services to meet various industry needs in Taiwan's journey towards smart manufacturing. They provide terminal blocks ranging from small wiring terminals to large power terminals, various models and specifications of CC-Link products, and high-quality standard and customized electronic products for smooth operation of automated systems, emphasizing product quality and customer support as well as innovation in technology and service efficiency to propel the industry towards a new era of automation.
Source: YAHOO
Reported about 1 year ago
S&P's Asia-Pacific Economic Outlook for the third quarter of 2024 highlights improved GDP growth for Taiwan, South Korea, and Singapore due to the region's mainly export-oriented economies showing signs of enhancement. However, delays in the US policy rate cut have prompted Asian central banks to take actions to protect their currencies, such as raising interest rates. Despite the easing effect of monetary policies taking time to manifest, there are positive factors like the potential Fed rate cut by year-end, benefiting Asia-Pacific exports and growth.
Source: YAHOO