Reported 8 months ago
With the surge in demand for High Bandwidth Memory (HBM) due to the global AI boom, Micron, a major memory chip manufacturer in the US, is ramping up production by creating multiple testing lines in the US, considering HBM production in Malaysia, and expanding capacity in Taichung. They aim to significantly increase their HBM market share by 2025 to compete with SK Hynix and Samsung. Other players like Nvidia are driving the demand for HBM, with Micron being a key supplier. Amid the US-China chip war, the export of HBM-related technology to China is under consideration by the US government.
Source: YAHOO
Reported 8 months ago
Taiwan's largest shipbuilding company, CSBC Corporation, is facing intense competition from tech giants like TSMC in attracting high-salary employees. To retain talent, CSBC has introduced a new employee housing project named 'Ship Castle' with the aim of combating the high turnover rate among new employees. The housing project offers various incentives, including free renovations and appliances, and is expected to be completed by 2025. CSBC aims to not only profit from this venture but also alleviate housing pressure for its employees while retaining skilled workforce in light of soaring property prices.
Source: YAHOO
Reported 8 months ago
According to TrendForce's research vice president Fan Bo-yu, panel manufacturers have begun adjusting production capacity in June, indicating a likely expansion of production cuts in the third quarter to alleviate pressure from falling panel prices. Due to weaker demand in TV panels in June and lower-than-expected sales during the 618 promotion, panel prices have remained stable, with IT panel prices also showing convergence. Despite some customers' reluctance to see significant price drops, prices are expected to stay flat in June, with a need to observe how panel manufacturers will adjust production capacity in the upcoming third quarter to ease price pressure.
Source: YAHOO
Reported 8 months ago
Taiwan's largest development project at the Taichung High-Speed Rail Station area, the 'Taichung High-Speed Rail Entertainment Shopping Mall,' is set to host a major investment meeting on June 27 and groundbreaking ceremony on June 30. The leading developer, First International Development, signed a contract with the European five-star luxury hotel brand Kempinski on June 20 to introduce Kempinski hotels to Taiwan and build a top-tier city resort hotel in Taichung with an estimated total investment of around 8 billion NTD, aiming for a grand opening by the end of 2027. With Kempinski's century-old history and emphasis on detail and exquisite service, the 'First Kempinski Hotel' will stand out as a unique and unprecedented integrated complex in Taiwan, featuring a major department store shopping center, Grade A commercial office building, international conference center, multipurpose convention center, multifunctional theater, and art museum, among others.
Source: YAHOO
Reported 8 months ago
On June 20, 2024, Wilson Electronics (6756) held a shareholders' meeting in Taipei, announcing the continuous release of high-speed transmission and various USB Type-C application products, actively focusing on product differentiation and maintaining technological leadership. The company approved the financial report and profit distribution plan, distributing a cash dividend of 2.0 yuan per share, with a revenue of 2.035 billion yuan in 2023 and a net profit of 180 million yuan, equivalent to an EPS of 2.62 yuan. Wilson Electronics' VL108 USB PD 3.1 DP Alt-mode control chip received USB-IF USB PD 3.1 EPR certification, while the VL830 has been adopted in design cases by nearly 50 global customers for products ranging from travel docking stations to screens, providing momentum for a diverse range of products. The VL832 USB4 terminal device control chip obtained USB-IF's USB4 product certification, enhancing signal integrity to better support detachable cable designs, marking an important milestone in the USB4 ecosystem. With big international players such as Intel, Apple, and AMD fully supporting USB4 processors and platforms, the USB4 specification has led to a transmission revolution with the introduction of USB4-compliant consumer electronic products. The widespread adoption of the USB Type-C interface in devices such as laptops, phones, displays, gaming consoles, IoT, and AR/VR will be an important factor in Wilson Electronics' future growth. The USB4 specification boasts transmission speeds of up to 40Gbps, offering more efficient data transfer rates, and is gradually being integrated into Windows 11, Intel's Alder Lake/Raptor Lake, AMD's Rembrandt/Phoenix, and Apple's M1/M2 platforms, leading to increased penetration rates. As more desktops and laptops on the market support the USB4 standard, the average selling price of USB4 products will surpass that of the current USB 3.1 standard. Wilson Electronics stated that its USB4 terminal device control chip will continue to be implemented in products for numerous clients, providing growth momentum for the company's performance.
Source: YAHOO
Reported 8 months ago
According to reports, TSMC is working on a new technology for advanced chip packaging using rectangular substrates instead of traditional circular ones, but commercialization is still a few years away. The move comes as the semiconductor industry sees a surge in demand for computing power driven by artificial intelligence. If successful, this shift to rectangular substrates will mark a significant technological advancement for TSMC, requiring substantial time, effort, and investment. The advanced packaging technology could potentially allow for more chips to be placed on each wafer, catering to the increasing demand for AI chips from clients like Nvidia, AMD, Amazon, and Google.
Source: YAHOO
Reported 8 months ago
Japanese car brands are facing tough competition in the Chinese market, resorting to steep discounts but losing out to local carmakers offering even lower prices. As a result, Japan plans to collaborate with ASEAN countries in a joint automotive sales strategy to tap into new markets and compete against the remarkable presence of Chinese electric vehicles in the ASEAN region. The move aims to offset the decline of Japanese car brands in China and explore opportunities in Southeast Asia. Government officials from Japan and ASEAN are set to develop a mid-term joint strategy until 2035, covering areas such as personnel training, carbon reduction in production processes, mineral resource procurement, and investment in next-generation biofuels.
Source: YAHOO
Reported 8 months ago
Chuanyu (2059) is expected to have better-than-expected first half-year earnings due to the recovery in general server demand and a 55% utilization rate, coupled with the recent depreciation of the New Taiwan Dollar. Analysts have upgraded the stock to a 'buy' rating and raised the target price. Chuanyu has shown monthly revenue growth this year, with May revenue reaching 868 million New Taiwan Dollars, a 93.61% increase year-on-year, surpassing expectations. Analysts believe that inventory adjustments have ended, leading to normal product shipments and a decent second quarter with a stronger performance expected in the second half of the year. The demand for general servers is on the rise, and Chuanyu is also benefiting from the potential strong demand for AI servers.
Source: YAHOO
Reported 8 months ago
Based on reports from Huang Yanhong and Lu Shumei in Taipei on June 20, 2024, at 4:10pm, as institutional investors, investment trusts, and proprietary traders gear up for the end-of-quarter accounting, the Taiwan stock market continues its push towards the half-yearly report, with eyes set on surpassing the 24,000-point mark. With strong support from heavyweight stocks, particularly in the technology and financial sectors, the market closed at a record high of 23,406 points, demonstrating a bullish momentum. The market outlook remains positive as various sectors show improvement, and experts caution to watch for key factors affecting the market moving forward.
Source: YAHOO
Reported 8 months ago
The '113th Immigration Professional Training' course, which has been postponed for two years, will begin with online instruction via video on August 10th, and is currently accepting registrations for individuals over 18 years old who are interested in obtaining an immigration professional certification. The Ministry of the Interior's Immigration Agency has commissioned the Taiwan Immigration and Commercial Intermediary Association to conduct the course, which is held once every two years, with a total of 40 hours of training. Upon completing the training and passing the exam, participants can obtain a permanent 'Immigration Professional' license, valid for life. Individuals engaging in immigration services must register with the Immigration Agency to operate legally. Registration is open from now until June 28th (based on postmark), and for inquiries, contact the Taiwan Immigration and Commercial Intermediary Association at (02) 2776-3158. More information can be found on their website (www.tica.org.tw).
Source: YAHOO
Reported 8 months ago
On June 20, 2024, Russian President Putin visited Vietnam as the head of state for the fifth time, following an invitation from the General Secretary of the Communist Party of Vietnam. Both countries declared an upgrade of their relationship to a 'comprehensive strategic partnership.' The visit included discussions on various sectors like oil, gas, nuclear science, and education with agreements reached in 11 areas. The strengthened partnership raised concerns among Western allies, particularly the US Embassy and the EU delegation in Vietnam, regarding Russia's actions in the Ukraine conflict.
Source: YAHOO
Reported 8 months ago
On June 20, 2024, the European Union imposed temporary anti-subsidy tariffs on Chinese electric vehicles, set to take effect on July 4, possibly triggering retaliatory measures from China. German Vice Chancellor and Minister of Economic Affairs Habeck is visiting South Korea and China to address issues such as China's electric vehicle production capacity. While in China, Habeck will emphasize the importance of international fair competition based on WTO rules and seek solutions within WTO regulations. Both the German industry and business associations oppose punitive tariff policies and fear Chinese retaliation. The EU-China Chamber of Commerce report also highlights the negative impact of the investigation on Chinese companies operating in Europe. Despite the tensions, China remains committed to resolving the trade disputes through dialogue and negotiation.
Source: YAHOO
Reported 8 months ago
According to a Reuters survey conducted by the Nikkei Research Company, over 60% of Japanese companies believe that their government does not need to follow the United States in imposing higher tariffs on Chinese products as they see no impact from China's overcapacity phenomenon on their businesses. The survey, which took place from June 5th to June 14th, revealed that about 53% of respondents think China's overcapacity has little to no effect on their operations, with concerns that implementing tariffs on Chinese products could lead to retaliatory measures and worsen the overall economy. The tariffs were imposed by the US, EU, and Canada on Chinese imports such as electric vehicles, batteries, and semiconductors, with Japan also expressing worry over China's non-market practices affecting fair competition.
Source: YAHOO
Reported 8 months ago
On June 20, 2024, the People's Bank of China guided the renminbi to depreciate against the US dollar by lowering the central parity rate by 33 basis points to 7.1192 yuan, marking a new low in seven months and causing both onshore and offshore prices to decline. Analysts believe that the slight loosening of the lower limit of the central parity by the People's Bank indicates a moderate depreciation trend for the renminbi. This move, while significant, does not signal a complete hands-off approach by the People's Bank. The renminbi is expected to continue facing pressure in the third quarter, possibly testing the 7.3 yuan threshold but remaining relatively stable.
Source: YAHOO
Reported 8 months ago
Bond and balanced fixed-income fund products continue to attract funds, boosting record-high domestic and overseas fund sizes. According to statistics from an overseas fund observation station, in May, the net subscription and redemption amount of overseas funds reached NT$17.7 billion, with stock funds experiencing net outflows while fixed-income and balanced funds continued to attract inflows. As of the end of May, the total fund size in Taiwan increased by nearly NT$274.9 billion, pushing the overall domestic fund size past the NT$8 trillion mark, reaching NT$8.06 trillion, with bond ETFs leading the growth, followed by Taiwan stock ETFs. The healthy fundamentals of companies issuing investment-grade bonds, coupled with the increased risk appetite of investors, have led to non-investment grade bonds outperforming investment-grade bonds and government bonds this year.
Source: YAHOO
Reported 8 months ago
As the demand for artificial intelligence (AI) chips rapidly expands in the market, the global semiconductor industry is intensifying its competition for talent. Recent data from LinkedIn revealed that NVIDIA has hired 515 employees from Samsung Electronics, while Samsung has recruited 278 employees from NVIDIA and 195 employees from TSMC. Despite Samsung's efforts, NVIDIA remains the biggest winner in the talent acquisition game. The competition extends to other players like SK Hynix and Micron, with employees jumping ship to NVIDIA. In this people battle, Samsung seems to have the upper hand against other rivals, recruiting more talents from companies like Intel, Micron, and TSMC.
Source: YAHOO
Reported 8 months ago
According to the Taiwan Stock Exchange, stock brokerages in Taiwan recorded a significant profit increase in May, with a total after-tax net profit of 83.25 billion NT dollars, a 62.74% annual growth compared to the same period last year. The booming stock market in May led to increased trading volume, contributing to the brokerages' substantial profits. While brokerage fee income saw growth, losses from proprietary trading activities resulted in a slight decline in net profit compared to April. Overall, the brokerages benefited from the strong performance of the Taiwanese stock market in May.
Source: YAHOO
Reported 8 months ago
The Taiwan stock market hit 23,000 points on June 20, 2024, with bank stocks increasing profit by over 50% compared to the same period last year. Many banks are allocating their stock investments to OCI (Other Comprehensive Income), where cash dividends directly contribute to current earnings. With the peak season for dividend distribution in the third quarter, banks are expected to see significant profit gains. Major banks under the financial holding company have already earned NT$125.57 billion after tax by the end of May and are estimated to earn over a billion by the end of September. By focusing on high dividend yield stocks and ESG-related companies, banks are aiming to optimize their investment portfolios.
Source: YAHOO
Reported 8 months ago
The popular KitKat matcha wafer transforms into the ultimate summer cooling beverage, as the beloved chocolate KitKat partners with Koinang to launch a limited-edition collaboration product called 'Koinang Matcha Cocoa Wafer Au Lait.' The drink features selected Japanese Shizuoka matcha powder with chocolate wafer flavor, offering a rich tea taste that has earned it a prestigious 2-star award at the 2024 Michelin ITQI International Flavour Taste Evaluation. The drink is a unique blend of authentic Shizuoka matcha powder and quality Koinang milk, aiming to provide consumers with both nutritious and delicious milk beverages. With a special offer on the e-commerce platform momo, customers can now purchase two boxes of 'Koinang Matcha Cocoa Wafer Au Lait' and 'Koinang Strawberry Yogurt Drink' for 877 yuan, while also receiving 30 yuan momo credit until June 22 during the 618 shopping festival. Limited quantities are available.
Source: YAHOO
Reported 8 months ago
Despite the flat closing of chip leader TSMC (2330) on June 20, 2024, several high-value stocks including Stock King Xinhua (5274), MediaTek (2454), and APEX (3131) achieved historical highs. The high-value stock group currently consists of 17 stocks, with some ETFs holding over 20% high-value stocks. Nine out of ten ETFs have delivered double-digit returns this year, outperforming the market's 30.5% gain. Mainly focusing on IC design and IP technology, the top-performing ETFs include CTBC Little Funds 30, Nomura Taiwan New Technology 50, and Shin Kong Taiwan Semiconductor 30, with returns ranging from 40.5% to 33.4%. Overall, high-value stock ETFs present an appealing investment opportunity for those unable to afford individual high-value stocks.
Source: YAHOO
Reported 8 months ago
In the midst of the AI investment craze on June 20, 2024, capitals are flocking to the AI server-related supply chain, causing drastic changes in the Taiwan stock market landscape. Traditional industry stocks like Formosa Plastics and Nanya have been pushed out of the top ten weighted stocks list, leading to a skewed capital market distribution. However, analysts predict a rebound for the traditional sector, particularly for the Formosa Plastics Group. Currently, the top ten weighted stocks in Taiwan include TSMC, Foxconn, MediaTek, Quanta, Fubon Financial, Chunghwa Telecom, Cathay Financial, Delta Electronics, Eclat Textile, and CTBC Holdings, marking a significant shift from the previous year's list with the exclusion of major traditional industry giants like Formosa Plastics and Nanya.
Source: YAHOO
Reported 8 months ago
Sitronix (4566) with customer to develop AI data center water-cooled quick connectors sampling, rumored to contribute revenue starting the third quarter, boosting short-term stock price performance. Foreign investors switched from buying to selling 1,213 shares on the 20th, while proprietary traders bought 214 shares, resulting in a net sell of 979 shares. Despite this, there was strong chasing buying interest in the market, leading to a limit-up lock before noon, closing up 8.8 yuan at 96.8 yuan. Their self-reported EPS for April was 0.64 yuan, 1.47 yuan for the first quarter, and 2.11 yuan for the first four months. Expecting a slow second quarter, they are optimistic about the aerospace industry, increasing their stake in Tianyang Aerospace to 50.2%. With the inclusion of Chongyang's revenue starting from May, Sitronix's combined revenue for May and the first five months saw year-on-year growth.
Source: YAHOO
Reported 8 months ago
Organo, a Japanese industrial ultrapure water company, became a TSMC supplier in 2000, following TSMC's global expansion. With advanced technology and the booming chip market, Organo's stock price has surged about 10 times in five years. Specializing in ultrapure water for semiconductor manufacturing, Organo's continual technological advancements have led to its leading market share in the ultrapure water market for advanced semiconductors, with its stock price hitting a historical high before considering a stock split.
Source: YAHOO
Reported 8 months ago
Shares of Gilead Sciences (GILD) surged 8% after the biopharma company announced 100% efficacy for its experimental twice-yearly HIV prevention medicine in a Phase 3 trial, a first in such trials showing zero infections. Analysts suggest this new drug could bring in over $1.7 billion in annual sales, potentially revitalizing Gilead's stock performance which is currently down 16% year-to-date.
Source: YAHOO
Reported 8 months ago
Stocks were mixed on Thursday as a multi-day rally to record highs stalled, with the S&P 500 and Nasdaq closing lower as Nvidia dropped by 3%. The Dow Jones Industrial Average rose nearly 300 points. Economic data showed weakening in the US economy, with low housing starts and elevated jobless claims. Other news included Bitcoin signaling a stock sell-off, regions in the US facing energy cost hikes, China's yuan falling, and insights on investing in Nvidia.
Source: YAHOO