Taiwan shares end little changed on profit taking
03/02/2021 05:25 PM
CNA photo March 2, 2021
Taipei, March 2 (CNA) Shares in Taiwan closed little changed Tuesday after investors locked in their earlier gains on the first trading session following the three-day 228 Peace Memorial Day weekend, dealers said.
Market sentiment remained haunted by fears over possible further volatility on the U.S. stock markets at a time of a likely continued spike in yields of treasury bills in the United States, the dealers said.
The weighted index on the Taiwan Stock Exchange (Taiex) ended down 6.92 points, or 0.04 percent, at the day s low of 15,946.88, after coming off a high of 16,262.91. Turnover stood at NT$333.39 billion (US$11.94 billion).
TSMC sales forecast to grow 25% year-on-year in Q1 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 sales might rise 25%
Staff writer, with CNA
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to post a 25 percent year-on-year increase in sales in the first quarter of this year to US$12.91 billion, up from US$10.31 billion a year earlier, as its production is at full capacity, market advisory firm TrendForce Corp said in a note last week.
The increase would help TSMC cement its leadership in the industry by taking a 56 percent market share in the global pure wafer foundry business, TrendForce said.
Its forecast was in line with TSMC’s estimate in January, which pointed to a range of US$12.7 billion to US$13 billion for the first quarter.
nikkei.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nikkei.com Daily Mail and Mail on Sunday newspapers.
Making chips requires lots of water and, gulp, Taiwan has a drought
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Last Updated: Feb 26, 2021, 10:24 AM IST
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Synopsis
Data from TSMC indicates that shipments of wafers a metric used to measure volume of output climbed 23% last year.
iStock
Chipmakers use the world’s most ubiquitous liquid to clean wafers throughout the production process, as well as keep factories and the air inside them clean.
Turns out, semiconductor manufacturing doesn’t just require multi-billion dollar factories and a lot of smarts, it also takes water. Gallons and gallons of it for every single chip. Better hope there’s no drought.