Page 22 - Microelectronics Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The TAIEX yesterday closed above 16,700 points, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker. The benchmark index closed up 393.91 points, or 2.40 percent, at the day’s high of 16,781.19. Turnover was NT$283.979 billion (US$10.13 billion). The market drew support from strong buying of technology stocks, after TSMC posted a higher-than-expected profit in the third quarter and upgraded its outlook at an investor conference on Thursday. All of the major stock categories, except the textiles sector, gained ground, with mechanical and el...

Taipei, Oct. 8 (CNA) Taiwan has conveyed the concerns of Taiwanese semiconductor suppliers to the American Institute in Taiwan (AIT) over U.S. Department of Commerce requests for these companies to share information.

Taipei, Oct. 8 (CNA) Shares in Taiwan closed lower Friday as investors acted cautiously ahead of a long weekend and sold shares to profit from early gains, dealers said.

The efforts of the administration of US President Joe Biden to untangle global chip supply snarls is facing resistance from lawmakers and executives in Taiwan and South Korea, complicating attempts to resolve the bottlenecks hurting industries from automobiles to consumer electronics. The US Department of Commerce late last month asked companies in the semiconductor supply chain to fill out questionnaires by Nov. 8 seeking information regarding the ongoing chip shortage. While the request is voluntary, US Secretary of Commerce Gina Raimondo has told industry representatives that the White Hous...

EQUITIES <strong>Investors lock in profits</strong> The TAIEX closed lower yesterday as investors took advantage of an earlier rebound, pocketing profits amid lingering concerns about possible volatility in US markets, dealers said. The TAIEX closed down 67.59 points, or 0.41 percent, at 16,393.16. Turnover totaled NT$287.476 billion (US$10.28 billion), with foreign institutional investors selling a net NT$23.86 billion of shares on the main board. The bellwether electronics sector fell 0.51 percent as higher interest rates made its stocks look less attractive, while the petrochemi...