Taiwan shares soar to breach 14,300 points, recovering from early loss
12/21/2020 05:40 PM
CNA file photo
Taipei, Dec. 21 (CNA) Shares in Taiwan move higher by more than 100 points to close above the 14,300 point mark Monday after bargain hunting helped the main board recover from its earlier losses, dealers said.
Buying focused on large cap tech stocks, in particular in the semiconductor industry, on the back of solid global demand, while select old economy stocks including petrochemical firms also rode the buying wave to push the broader market even higher, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), or the Taiex, ended up 135.00 points, or 0.95 percent at the day s high of 14,384.96, off a low of 14,166.89, on turnover of NT$250.02 billion (US$8.90 billion).
(1)
With growing digitization and increasing demand for automation, the Internet of Things technology has garnered significant traction in recent years. IoT provides an ecosystem for several digital devices to be connected with the Internet. To improve connectivity in such an ecosystem, various devices use thin semiconductor chips and wafers, often created in semiconductor foundries. As a result, the surging demand for semiconductor driven devices from various segments such as retail, medical, automotive, and electronic industries will accelerate the semiconductor foundry market demand in the upcoming years. In addition, Technavio has further analyzed that the increasing growth of AR and VR will also drive the demand for semiconductor foundry during the forecast period.
Taiwan shares end down in consolidation
12/17/2020 09:03 PM
CNA file photo
Taipei, Dec. 17 (CNA) Shares in Taiwan moved lower Thursday as investors pocketed their gains built a session earlier, pushing the main board into negative territory, dealers said.
Investor sentiment has turned cautious about a possible major technical pullback after the market scored solid gains since the beginning of November on the back of a booming tech sector, they said.
The weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex ended down 45.53 points, or 0.32 percent, at 14,258.93, after moving between 14,213.49 and 14.338.40, on turnover of NT$227.71 billion (US$8.10 billion).
The market opened up 0.15 percent and rose to the day s high in the early morning session with investors encouraged by the latest upturn on U.S. markets, where the tech-heavy Nasdaq index hit an all-time high, up 0.5 percent, overnight, dealers said.
High demand after PC components and consoles will continue in 2021 on December 17, 2020, 6:39 15 comments
Why it matters: TSMC and several other foundries may be hiking prices for their wafers amid unprecedented demand for advanced chips, partly fueled by the pandemic as well as a rapid digital transformation in many organizations. In the case of 5 nm, that s almost exclusively Apple at this point with A14 and M1 SoCs, as well as Intel Xe GPUs. On the 7 nm spectrum, we have AMD, Qualcomm, MediaTek, and Bitmain.
TSMC is currently responsible for about half of the industry s EUV equipment installation base and wafer production, and is slowly gaining more ground as other chip makers struggle to keep up in the adoption of ever more advanced lithography processes.
Company
United Microelectronics Corp is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments. The Wafer Fabrication segment is mainly engaged in the manufacture of chips to the design specifications of its customers by using its own processes and techniques. The New Business.