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Taiwan shares end above 16,900 points, led by semiconductor stocks

Taipei, June 7 (CNA) Shares in Taiwan moved sharply higher Wednesday rising about 160 points to close above the 16,900 point mark as semiconductor stocks steamed ahead led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), in the wake of strong gains made by the stock's American depositary receipts (ADRs) on U.S. markets overnight, dealers said.
T Ai Pei United States Pan Chih Yi Frances Huang Lu Chin Wei Mark Liu

Fab spending tipped to exceed record

Global fab equipment spending at front-end facilities is expected to grow at an annual pace of 10 percent this year to a record of more than US$98 billion, with South Korea taking the lead, followed by Taiwan, SEMI said in a quarterly report yesterday. That means that world fab equipment spending is to grow for a third straight year, following a 39 percent jump last year and 17 percent growth in 2020, the global semiconductor trade association said in a statement. The industry previously had thr...
South Korea Ajit Manocha Samsung Electronics Co Marketech International Corp Goldman Sachs Taiwan Semiconductor Manufacturing Co

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