TAIEX sinks near 16,400
The TAIEX nearly dropped to 16,400 points after further overnight losses on US markets, dealers said. The bellwether electronics sector led the downturn on the main local board, with investors concerned that rising interest rates would make the stocks less attractive. Selling was also reported among old-economy stocks, despite a rebound by select shipping heavyweights, dealers said. The TAIEX closed down 114.85 points, or 0.7 percent, at 16,347.99. Turnover totaled NT$257.168 billion (US$9.14 billion), with foreign institutional investors selling a net NT$8.53 billion of shares on the main board. The TAIEX fell for a third consecutive session after losing 1.5 percent over the previous two sessions. Before yesterday, the index had shed 2.79 percent since the beginning of the month.
Firms’ revenue rises 16.56%
Publicly listed companies on the Taiwan Stock Exchange reported NT$3.46 trillion in combined revenue for last month, up 16.56 percent from a year earlier, the exchange said yesterday. Firms in the shipping and transportation, oil, gas and electricity, and iron and steel industries led the increase, the exchange said in a statement, adding that 603 firms experienced revenue growth, while 351 experienced a decline. Compared with September 2019, combined revenue grew 15.17 percent, it added. Accumulated revenue of all listed firms in the first nine months of the year reached NT$27.57 trillion, up 18.25 percent year-on-year, led by firms in the shipping and transportation, glass and ceramics, plastics, and iron and steel industries, the exchange said. Accumulated revenue increased 16.28 percent from the same period in 2019, it added.
ISTI says patent lawsuit over
Chip inspecting services provider Integrated Service Technology Inc (ISTI, 宜特科技) yesterday said that a two-year-long patent lawsuit with Phoenix Silicon International Corp (昇陽半導體) had ended after the Supreme Court overruled Phoenix Silicon’s appeal against ISTI. The judge ruled earlier this month that Phoenix Silicon’s patent related to wafer thinning process technology was invalid and would not cause infringement, ISTI said in a statement. ISTI would demand that Phoenix pay its attorney’s fees, the statement added. Silicon wafer recycler Phoenix Silicon in September 2019 filed a patent infringement lawsuit at the Intellectual Property Court against ISTI. The court in June last year ruled in favor of ISTI, prompting Phoenix Silicon to appeal the case, but it was disappointed again in a second trial in June this year. Phoenix Silicon then took the case to the Supreme Court.
Merry to take energy pledge
Audio electronics maker Merry Electronics Co (美律) yesterday announced that it would take the RE100 pledge, joining companies such as Taiwan Semiconductor Manufacturing Co (台積電) and Delta Electronics Co (台達電) in committing to a roadmap to using renewable energy only. Merry said its goal is to reach 60 percent renewable energy by 2030, 90 percent renewable energy by 2040 and 100 percent by 2050 for its global operations. Merry is the ninth Taiwanese company to join the RE100 global initiative. More than 300 companies worldwide have joined the pledge, including Apple Inc and Walmart Inc.
SELF-SUFFICIENCY: Alibaba is one of a number of Chinese firms that has answered Beijing’s call to invest in the development of cutting-edge technologies Alibaba Group Holding Ltd (阿里巴巴) yesterday unveiled a new server chip that is based on advanced 5-nanometer technology, marking a milestone in China’s pursuit of semiconductor self-sufficiency. The Chinese tech giant’s newest chip is based on micro-architecture provided by the SoftBank Group Corp-owned Arm Ltd, it said. Alibaba, which is holding its annual cloud summit in Hangzhou, China, said that the chip is to be used in its own data centers in the “near future” and would not, for the time being, be sold commercially. “Customizing our own server chips is consistent with our ongoing efforts toward boosting our computing capabilities with better
Production at Taiwan Semiconductor Manufacturing Corp’s (TSMC, 台積電) fabs was not affected by a fire at a construction site for a water recycling facility in the Southern Taiwan Science Park in Tainan. The world’s biggest contract chipmaker said that the construction site is not adjacent to its fabs, which were unaffected. CTCI Corp (中鼎工程) is responsible for the construction of the facility, which it is to operate itself once it is completed, the chipmaker said. The facility caught fire at about 11am, and the blaze was brought under control about 30 minutes after the incident was reported, the Southern Taiwan Science Park Administration
AGGRESSIVE STEP: With the new processors, Apple is aiming at the high-end chips Intel has provided for the MacBook Pro and other top-end Macs for about 15 years Apple Inc on Monday took the most aggressive step yet to strip Intel Corp chips from its computers, announcing more powerful homegrown Mac processors alongside a total revamp of its MacBook Pro laptop computers. The company showcased the chips at an event called “Unleashed,” which also included its latest audio products. The new components, called the M1 Pro and M1 Max chips, are 70 percent faster than its M1 predecessors, Apple said. It also unveiled a redesigned MacBook Pro, adding larger screens, MagSafe charging and better resolution. With the new processors and devices, Apple is aiming squarely at the high-end chips that Intel has
‘NO NEGOTIATING’: Acer spokesperson Steven Chung said customers in India whose data were affected were informed, while no user data in Taiwan was compromised PC vendor Acer Inc (宏碁) yesterday confirmed that it was hacked twice in one week — once in Taiwan and once in India — but denied any damage or leak of customer data. Acer spokesperson Steven Chung (鐘興維) said that the customers in India whose data were affected were informed, while no user data in Taiwan was compromised. The hackers have tried to initiate communication, but Acer has not responded, Chung said. “We are not going to negotiate and it is not company policy to pay ransom to hackers,” he said. Upon detecting the hack, Acer initiated all security protocols and conducted