EQUITIES
Foreigners buy NT$48.5bn
Foreign investors last week bought a net NT$48.5 billion (US$1.76 billion) of local shares after buying a net NT$19.53 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Thursday, foreign investors had sold an accumulated NT$454.09 billion of local shares since the beginning of last year, it said. Last week, the top three shares bought by foreign investors were United Microelectronics Corp (聯電), Innolux Corp (群創) and China Airlines Ltd (中華航空), while the top three sold were AcBel Polytech Inc (康舒科技), Kinpo Electronics Inc (金寶電子) and Walton Advanced Engineering Inc (華東科技), the exchange said. As of Thursday, the market capitalization of shares held by foreign investors was NT$24.44 trillion, or 43.48 percent of total market capitalization, it said.
SEMICONDUCTORS
CHPT revenue up 26.69%
Chunghwa Precision Test Technology Co (CHPT, 中華精測), a supplier of probe cards used for silicon wafer testing, yesterday reported that its revenue grew 26.69 percent annually to NT$423 million last month, the second-highest monthly sales figure in the company’s history. Customers were stockpiling 5G chips and market demand for high-performance computing chips rebounded, the company said. Last month’s figure boosted its fourth-quarter revenue 14.8 percent to NT$1.27 billion, from NT$1.11 billion in the third quarter. For the whole of last year, revenue edged up 0.78 percent to a record NT$4.24 billion from NT$4.21 billion in 2020.
SEMICONDUCTORS
TMC buys back 4.5m shares
Taiwan Mask Corp (TMC, 台灣光罩), a supplier of photomasks used to make semiconductors for silicon wafers, yesterday said it had bought back 4.485 million of its own shares over the past two months for NT$413 million. The number of repurchased shares accounted for 74.75 percent of the shares that the firm had planned to acquire on the open market to bolster its share price, TMC said in a regulatory filing. On Nov. 4, TMC began the buyback scheme, aiming to repurchase up to 6 million shares at NT$62 to NT$110 per share. The average repurchase price was NT$92.25, compared with the firm’s closing share price of NT$108 yesterday.
ELECTRONICS
Ichia’s annual revenue rises
Ichia Technologies Inc (毅嘉科技) yesterday reported revenue of NT$539 million for last month, an annual decline of 3 percent, due to a shortage of raw materials and the effects of inventory adjustments. Sales generated from flexible printed circuit integrated components reached NT$389 million last month, accounting for 72.17 percent of total sales, with the remainder coming from mechanical integrated components, it said. Despite the shortage of raw materials, Ichia reported consolidated revenue of NT$6.48 million for last year, up 17.73 percent from 2020 and the highest in three years.
STANDING HEAD
Microsoft releases e-mail fix
Microsoft Corp on Sunday offered a solution to a bug that caused some e-mail messages to become stuck on its Exchange platforms due to what it said was a New Year-related date-checking failure. The problem was not security-related, the company said in a blog post. A subsequent update gave two fixes, one that could be applied to all of a client’s servers and another that needed to be applied manually to individual servers. The bug caused messages to get stuck in transport queues on Exchange Server 2016 and Exchange Server 2019, it said.
CHIP WAR: Tariffs on Taiwanese chips would prompt companies to move their factories, but not necessarily to the US, unleashing a ‘global cross-sector tariff war’ US President Donald Trump would “shoot himself in the foot” if he follows through on his recent pledge to impose higher tariffs on Taiwanese and other foreign semiconductors entering the US, analysts said. Trump’s plans to raise tariffs on chips manufactured in Taiwan to as high as 100 percent would backfire, macroeconomist Henry Wu (吳嘉隆) said. He would “shoot himself in the foot,” Wu said on Saturday, as such economic measures would lead Taiwanese chip suppliers to pass on additional costs to their US clients and consumers, and ultimately cause another wave of inflation. Trump has claimed that Taiwan took up to
A start-up in Mexico is trying to help get a handle on one coastal city’s plastic waste problem by converting it into gasoline, diesel and other fuels. With less than 10 percent of the world’s plastics being recycled, Petgas’ idea is that rather than letting discarded plastic become waste, it can become productive again as fuel. Petgas developed a machine in the port city of Boca del Rio that uses pyrolysis, a thermodynamic process that heats plastics in the absence of oxygen, breaking it down to produce gasoline, diesel, kerosene, paraffin and coke. Petgas chief technology officer Carlos Parraguirre Diaz said that in
SUPPORT: The government said it would help firms deal with supply disruptions, after Trump signed orders imposing tariffs of 25 percent on imports from Canada and Mexico The government pledged to help companies with operations in Mexico, such as iPhone assembler Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), shift production lines and investment if needed to deal with higher US tariffs. The Ministry of Economic Affairs yesterday announced measures to help local firms cope with the US tariff increases on Canada, Mexico, China and other potential areas. The ministry said that it would establish an investment and trade service center in the US to help Taiwanese firms assess the investment environment in different US states, plan supply chain relocation strategies and
Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Japanese Minister of Finance Katsunobu Kato said. “We need to carefully see how the exchange rate and other factors will be affected and what form US monetary policy will take in the future,” Kato said yesterday in an interview with Fuji Television. Japan is very concerned about how the tariffs might impact the global economy, he added. Kato spoke as nations and firms brace for potential repercussions after Trump unleashed the first salvo of