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Taipei, Feb. 24 (CNA) Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) continued to move lower Wednesday morning, pushing down the broader market after tech stocks faced volatility on American markets overnight, dealers said.
Board approves UMC dividend By Lisa Wang / Staff reporter United Microelectronics Corp (UMC, 聯電), the world’s No. 3 contract chipmaker, yesterday said that its board of directors has approved a plan to pay a cash dividend of NT$1.6 per share this year, up from NT$0.75 last year and the highest in 21 years. Based on the plan, UMC would pay NT$19.88 billion (US$702.32 million) in cash dividends to shareholders this year. The payout ratio was about 66 percent, as the company earned NT$2.42 per share last year. The logo of United Microelectronics Corp is pictured at the company’s headqu...
Taiwan shares recoup early losses to end up; IC sector falls 02/23/2021 05:43 PM CNA file photo Taipei, Feb. 23 (CNA) Shares in Taiwan closed slightly higher Tuesday, recovering from early losses caused by selling in large-cap semiconductor stocks, in a market awash in liquidity, dealers said. While contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) led the integrated circuit sector to move lower throughout the session, buying rotated to old economy and financial stocks, as investors with large funds sought a safe haven to park their money, dealers added. The Taiex, the weighted...
Semiconductor stocks under pressure after U.S. losses 02/23/2021 11:25 AM CNA file photo Taipei, Feb. 23 (CNA) Taiwan's semiconductor stocks came under pressure Tuesday morning after similar stocks fell sharply in the United States overnight at a time of rising bond yields, dealers said. Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) led the downturn on the local market after its American depositary receipts (ADRs) fell 2.26 percent in the U.S. on Monday, they said. Old economy stocks benefited from rotational buying in a market that is still highly liquid, helping the weigh...
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 Ye...