The aggregate revenue of companies listed on the Taiwan Stock Exchange (TWSE) grew at a much slower pace last month, as financial companies’ investments were affected by the Russia-Ukraine war and optoelectronics companies saw falling demand, the exchange’s data showed.
The combined revenue of the 963 TWSE-listed firms edged up 1.66 percent from a year earlier to NT$3.11 trillion (US$104.7 billion), after growing 14 percent in March, the data showed.
The TWSE said that 507 companies, or 52.6 percent, reported revenue growth, while 456 companies posted declines.
Photo: Maurice Tsai, Bloomberg
The financial sector saw revenue fall by NT$52.8 billion, or 23.61 percent, annually to NT$170.8 billion last month, affected by market volatility and the Russia-Ukraine war, the exchange said.
It was the fourth consecutive month that the financial sector posted a decline, but last month’s fall narrowed from March’s NT$103.3 billion, it said.
For the first four months of the year, the financial sector’s revenue decreased by NT$156.1 billion, or 16 percent, to NT$799.8 billion, TWSE data showed.
The optoelectronics sector reported the largest fall in revenue last month, down 24.06 percent year-on-year to NT$94.7 billion, as flat-panel prices dropped and demand weakened, the exchange said.
LCD panelmakers Innolux Corp (群創) and AU Optronics Corp (AUO, 友達光電) reported that revenue declined 13.8 percent and 31 percent respectively last month, while smartphone camera lens maker Largan Precision Co (大立光) saw revenue contract 7.6 percent, companies’ data showed.
For the first four months, the optoelectronics sector reported that cumulative revenue dipped 8 percent to NT$434.7 billion, TWSE data showed.
The shipping sector’s revenue continued to rise last month on the back of higher freight rates, with sales advancing 60 percent to NT$158.5 billion, the exchange said.
The sector’s cumulative revenue in the first four months expanded 68 percent to NT$639.1 billion, it said.
The semiconductor sector, as well as the oil, gas and electricity sector, also continued to post strong revenue growth last month, the exchange said.
From January to last month, TWSE-listed firms’ aggregate revenue rose 9.89 percent from a year earlier to NT$12.9 trillion, TWSE data showed.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
MediaTek Inc (聯發科) yesterday said it is teaming up with Nvidia Corp to develop a new chip for artificial intelligence (AI) supercomputers that uses architecture licensed from Arm Holdings PLC. The new product is targeting AI researchers, data scientists and students rather than the mass PC market, the company said. The announcement comes as MediaTek makes efforts to add AI capabilities to its Dimensity chips for smartphones and tablets, Genio family for the Internet of Things devices, Pentonic series of smart TVs, Kompanio line of Arm-based Chromebooks, along with the Dimensity auto platform for vehicles. MeidaTek, the world’s largest chip designer for smartphones
TECH PULL: Electronics heavyweights also attracted strong buying ahead of the CES, analysts said. Meanwhile, Asian markets were mixed amid Trump’s incoming presidency Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares yesterday closed at a new high in the wake of a rally among tech stocks on Wall Street on Friday, moving the TAIEX sharply higher by more than 600 points. TSMC, the most heavily weighted stock in the TAIEX, rose 4.65 percent to close at a new high of NT$1,125, boosting its market value to NT$29.17 trillion (US$888 billion) and contributing about 400 points to the TAIEX’s rise. The TAIEX ended up 639.41 points, or 2.79 percent, at 23,547.71. Turnover totaled NT$406.478 billion, Taiwan Stock Exchange data showed. The surge in TSMC follows a positive performance
FUTURE TECH: Nvidia CEO Jensen Huang would give the keynote speech at this year’s Consumer Electronics Show, which is also expected to highlight autonomous vehicles Gadgets, robots and vehicles imbued with artificial intelligence (AI) would once again vie for attention at the Consumer Electronics Show (CES) this week, as vendors behind the scenes would seek ways to deal with tariffs threatened by US president-elect Donald Trump. The annual Consumer Electronics Show opens formally in Las Vegas tomorrow, but preceding days are packed with product announcements. AI would be a major theme of the show, along with autonomous vehicles ranging from tractors and boats to lawn mowers and golf club trollies. “Everybody is going to be talking about AI,” Creative Strategies Inc analyst Carolina Milanesi said. “From fridges to ovens
RSS