Taiwan shares push higher, led by TSMC
01/19/2021 04:34 PM
CNA photo Jan. 19, 2021
Taipei, Jan. 19 (CNA) Shares in Taiwan surged more than 260 points to close above the 15,800-point mark Tuesday, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), dealers said.
Non-tech stocks largely fluctuated within a narrow range as buying focused on the electronics sector, but companies making products related to disease prevention drew interest amid recent reports in Taiwan of domestically transmitted COVID-19 cases, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 265.37 points, or 1.70 percent, at 15,877.37, after moving between 15,716.64 and 15,928.14, on turnover of NT$316.86 billion (US$11.3 billion).
Taipei, Jan. 18 (CNA) Shares in Taiwan recovered almost all of their earlier losses to close slightly lower Monday as bargain hunters turned active to pick up large cap stocks after the main board dipped and came closer to 15,300 points at one point, dealers said.
TSMC’s $28 Billion Spending Blitz Ignites a Global Chip Rally
Bloomberg 1/15/2021 Debby Wu
(Bloomberg) Taiwan Semiconductor Manufacturing Co. triggered a global chip stock rally after outlining plans to pour as much as $28 billion into capital spending this year, a staggering sum aimed at expanding its technological lead and constructing a plant in Arizona to serve key American customers.
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The envisioned spending spree sent chipmaking gear manufacturers surging from New York to Tokyo. Capital spending for 2021 is targeted at $25 billion to $28 billion, compared with $17.2 billion the previous year. About 80% of the outlay will be devoted to advanced processor technologies, suggesting TSMC anticipates a surge in business for cutting-edge chipmaking. Analysts expect Intel Corp., the world’s best-known chipmaker, to outsource manufacture to the likes of TSMC after a series of inhouse technology slip-ups.
Taiwan shares dip 0.58% to end below 16,000 on high turnover
01/15/2021 05:51 PM
CNA photo Jan. 15, 2021
Taipei, Jan. 15 (CNA) Shares in Taiwan ended lower Friday, falling below 16,000 on high turnover after the stock market hit a new record during the session.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended down 90.80 points, or 0.58 percent, at 15,616.39 on expanded turnover of NT$433.16 billion (US$15.2 billion).
Boosted by a 6 percent rise overnight by the American depositary receipts (ADR) of Taiwan Semiconductor Manufacturing Company (TSMC), the weighted index soared 334 points at one point, reaching the historical high of 16,041.59 and fluctuating in a wide range of 426.48 points.
TAIPEI • Taiwan Semiconductor Manufacturing Co (TSMC) triggered a global chip stock rally after outlining plans to pour as much as US$28 billion (S$37 billion) into capital spending this year, a staggering sum aimed at expanding its technological lead and constructing a plant in Arizona to serve key American customers.. Read more at straitstimes.com.