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UMC shares soar as tech stocks boost Taiex 04/26/2021 11:01 AM CNA file photo Taipei, April 26 (CNA) Shares of United Microelectronics Corp. (UMC), the second largest contract chipmaker in Taiwan, climbed sharply Monday morning in the wake of a product price hike, dealers said. The buying in UMC also spread to other large-cap semiconductor stocks, leading the bellwether electronics sector and the broader market to continue the momentum from the previous session, as investors were encouraged by a rally among tech stocks on the United States markets at the end of last week, dealers added. As of...

TSMC shares dip below NT$600, sending Taiex lower 04/21/2021 11:48 AM CNA file photo Taipei, April 21 (CNA) Shares in contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) fell below the NT$600.00 (US$21.43) mark Wednesday morning as investors took their cue from a plunge in tech stocks on U.S. markets overnight, dealers said. As the most heavily weighted stock on the local market, TSMC's losses sent ripples through the broader market amid fears that recent solid gains on the local equity market could suffer a major technical pullback, they said. As of 11:42 a.m., TSMC shares had l...

Q1 results, cautious prospects send Largan shares lower 04/09/2021 02:49 PM CNA file photo Taipei, April 9 (CNA) Shares in Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., fell Friday, following disappointing results for the first quarter of the year as well as cautious guidance for the next few months due to a lack of production materials, dealers said. The fact local and foreign institutional investors have recently stood on the sell side for the stock also stirred up downward pressure throughout the session, they added. Shares in Largan lost 2.58 percent to close...

The Rundown: APT-FET Deal, Microsoft-Hon Hai Partnership, and FSC Fines Securities Firms NCC Approves APT-FET Deal Taiwan’s National Communications Commission (NCC) on March 3 approved local telecom operator Far EasTone’s (FET) application to share its 5G bandwidth on the 3.5GHz frequency band with Asia-Pacific Telecom (APT). As a condition of its approval, the NCC requested the establishment of an oversight task force for internet security and the installation of 2,000 4G and 5G base stations to increase coverage. The deal is now pending the approval of the Fair Trade Commission (FTC). A...

Taipei, March 5 (CNA) Shares in contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) suffered heavy pressure early Friday morning but came off an early low after an almost 6 percent plunge in its American depositary receipts (ADR) on U.S. markets overnight, dealers said.