UMC shares soar as tech stocks boost Taiex
04/26/2021 11:01 AM
CNA file photo
Taipei, April 26 (CNA) Shares of United Microelectronics Corp. (UMC), the second largest contract chipmaker in Taiwan, climbed sharply Monday morning in the wake of a product price hike, dealers said.
The buying in UMC also spread to other large-cap semiconductor stocks, leading the bellwether electronics sector and the broader market to continue the momentum from the previous session, as investors were encouraged by a rally among tech stocks on the United States markets at the end of last week, dealers added.
As of 10:35 a.m., shares of UMC had risen 6.49 percent to NT$60.70 (US$2.17) on the Taiwan Stock Exchange, where the Taiex, the weighted index, was up 174.63 points, or 1.01 percent, at 17,474.90.
Taiwan shares smash records on strong tech gains
04/26/2021 06:23 PM
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Taipei, April 26 (CNA) Shares in Taiwan closed at a new high Monday as the bellwether electronics sector continued its momentum from a session earlier, while investors were encouraged by a rally among tech stocks on the U.S. markets at the end of last week, dealers said.
Buying focused on large semiconductor stocks amid optimism toward their business outlooks, while old economy and financials stocks moved largely higher to push up the broader market to the day s high at the end of the session, the dealers said.
Holtek expects revenue to increase in Q2
By Lisa Wang / Staff reporter
Holtek Semiconductor Inc (盛群半導體) expects revenue to grow sequentially by a double-digit percentage this quarter, with growth momentum potentially extending into next quarter due to price hikes and healthy customer demand mainly from China, a company executive said yesterday.
The microcontroller units developer said it is considering raising prices further in the second half of this year to reflect an uptrend in wafer costs.
Holtek raised the prices of all of its products by 15 percent this month.
Armstrong Tsai, vice president of the Holtek Semiconductor Inc sales and marketing center, poses for a photograph at an investors’ conference in Taipei yesterday.
Taiwan shares hit 17,300 points at close, led by tech sector focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
TSMC shares dip below NT$600, sending Taiex lower
04/21/2021 11:48 AM
CNA file photo
Taipei, April 21 (CNA) Shares in contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) fell below the NT$600.00 (US$21.43) mark Wednesday morning as investors took their cue from a plunge in tech stocks on U.S. markets overnight, dealers said.
As the most heavily weighted stock on the local market, TSMC s losses sent ripples through the broader market amid fears that recent solid gains on the local equity market could suffer a major technical pullback, they said.
As of 11:42 a.m., TSMC shares had lost 1.33 percent at NT$595.00 with 19.50 million shares changing hands on the Taiwan Stock Exchange, where the benchmark weighted index, the Taiex, was down 0.46 percent at 17,244.14 points.