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Taiwan shares end lower after giving up earlier gains
04/09/2021 06:07 PM
CNA photo April 9, 2021
Taipei, April 7 (CNA) Shares in Taiwan closed moderately lower Friday as investors locked in earlier gains as the main board breached the 17,000-point mark at one point in the early morning session, dealers said.
Large tech stocks led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) came under pressure, while select old economy stocks, in particular in the petrochemical sector, attracted rotational buying, preventing the broader market from falling further, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 72.34 points, or 0.43 percent, at 16,854.10, after moving between 16,815.59 and 17,016.13. Turnover totaled NT$436.29 billion (US$15.35 billion).
Israel seen as major player as global chip war intensifies
With Intel s global chip hegemony being challenged, Globes surveys Israel s pivotal role in the battle, as high-tech salaries surge.
Recently, Google poached former senior Intel executive Uri Frank to lead its strategic chip development activity in Israel. Frank had headed Intel s semiconductor development for data centers and personal computers, responsible for some $30 billion in revenue each year. This expertise indicates he will very likely establish a similar activity in Israel, this time on behalf of Google.
Frank s recruitment is just a very small part what s happening in the semiconductor world - an explosion as one industry insider termed it. All of the major high-tech companies have chip development activity. Intel has always had a presence in Israel, but recently, Apple, Amazon, and Microsoft also began developing chips in Israel, with no signs of easing up. Now Google is joining the party. Globes has al
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