Taiwan shares soar to new high, led by TSMC
02/17/2021 07:09 PM
CNA photo Feb. 17, 2021
Taipei, Feb. 17 (CNA) Shares in Taiwan moved sharply higher Wednesday, the first trading session after the Lunar New Year holiday, to close at a new high as the market tried to catch up with the strong gains seen in U.S. markets during the break, dealers said.
The bellwether electronics sector was behind the upturn, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which continued higher after a nearly 10 percent rise in its American depositary receipts (ADRs) during the Lunar New Year holiday, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 559.89 points, or 3.54 percent, at 16,362.29, after moving between 16,197.45 and 16,406.78. Turnover was NT$413.18 billion (US$14.75 billion).
MediaTek posts 78% revenue hike
By Lisa Wang / Staff reporter
Handset chip designer MediaTek Inc (聯發科) on Tuesday posted consolidated revenue of NT$35.33 billion (US$1.24 billion) for last month, its second-highest monthly revenue on record.
Thanks to growth in mobile computing, the Internet of Things and smart applications, revenue rose 78.29 percent from a year earlier and 8.96 percent from December last year.
The company last month forecast that its first-quarter revenue would reach NT$96.4 billion to NT$104.1 billion, flat or up 8 percent from last quarter.
The MediaTek Inc logo is pictured outside the firm’s headquarters in Hsinchu on May 15 last year. The handset chip designer on Tuesday posted consolidated revenue of NT$35.33 billion for last month, its second-highest monthly revenue on record.
Taipei, Feb. 6 (CNA) The 2020 production value of Taiwan's semiconductor equipment industry is estimated at a record NT$65 billion (US$2.29 billion) or even higher, as solid global demand for high-end integrated circuits prompted IC suppliers to expand capacity, according to the Ministry of Economic Affairs (MOEA).
Taiwan shares end up in last session of Year of the Rat
02/05/2021 06:35 PM
CNA photo Feb. 5, 2021
Taipei, Feb. 5 (CNA) Shares in Taiwan closed higher on Friday, the last trading session in the Year of the Rat, as the bellwether electronics sector continued to lead the broader market, dealers said.
During the Year of the Rat, the local main board jumped more than 30 percent despite the economic impact of COVID-19, as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock, soared about 90 percent in the year, dealers added.
On Friday, the weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex ended up 96.18 points, or 0.61 percent, at 15,802.40, after moving between 15,774.34 and 15,938.09, on turnover of NT$280.41 billion (US$10.03 billion).
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