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MediaTek Inc's shares surged by 3.51% on March 18, 2025, following news of a collaboration with Google to develop a next-generation AI chip. The partnership focuses on the seventh-generation Tensor Processing Unit (TPU), set to launch next year, building on the sixth-generation TPU released recently.
Taiwan's stock market closed higher on March 17, buoyed by gains in AI-related shares amid optimism for Nvidia's upcoming GPU Technology Conference. The benchmark Taiex index rose by 150.58 points, or 0.69%, to finish at 22,118.63, with a turnover of NT$301.88 billion (US$9.15 billion). Electronics stocks, particularly Taiwan Semiconductor Manufacturing Co. (TSMC), which increased by 1.15%, played a significant role in this rise, contributing approximately 88 points to the index.
Foxconn, the world's largest contract electronics manufacturer, is set to report a 2.35% increase in fourth-quarter profit, driven by strong demand for AI servers. The net profit for October-December is expected to reach T$54.4 billion ($1.65 billion), up from T$53.15 billion a year earlier, with revenue jumping 15.2% to a record for the quarter.
Foxconn, the world's largest contract electronics manufacturer, is set to report a 2.35% increase in fourth-quarter profit, driven by strong demand for AI servers. The net profit for October-December is expected to reach T$54.4 billion ($1.65 billion), up from T$53.15 billion a year earlier, with revenue jumping 15.2% to a record for the quarter.
Taiwan's stock market fell 1.73% on March 12, with the Taiex closing at 22,071.09, a drop of 388.06 points. This decline was driven by significant losses in US markets, particularly a 4% drop in the Nasdaq, and heavy selling in the electronics sector, which saw a 2.01% decrease. Taiwan Semiconductor Manufacturing Co. (TSMC) contributed notably to the decline, losing 2.71% to close at NT$971.00, influenced by a 3.64% drop in its American depositary receipts.
Taiwan's stock market saw a significant decline, with the Taiex falling 1.73% to close at 22,071.09 on March 12, driven by concerns over the US economy. The electronics sector led the drop, with TSMC losing 2.71% and contributing approximately 220 points to the index's fall, influenced by a 3.64% decrease in its American depositary receipts.
Taiwan Semiconductor Manufacturing Co. (TSMC) shares fell 0.70% to NT$998.00 (US$30.33), marking the first close below NT$1,000 since November 2024. Concerns over TSMC's US$100 billion investment in Arizona and fears of a US recession contributed to a 0.52% decline in the Taiex, which closed at 22,459.15. Turnover reached NT$337.99 billion (US$10.27 billion), with heightened worries following President Trump's comments and the Federal Reserve Bank of Atlanta's GDPNow tracker indicating potential negative growth in the US.
Taiwan's stock market fell on March 7, with the Taiex index dropping 139.36 points, or 0.61%, to close at 22,576.07 amid concerns over new US tariffs affecting Canada, Mexico, and China. Despite the downturn, Taiwan Semiconductor Manufacturing Co. (TSMC) remained stable at NT$1,005.00, potentially supported by government-backed funds as foreign institutional investors sold NT$29.50 billion in shares. Analysts anticipate ongoing market pressure as the implications of US trade policies unfold.
Nissan's board will meet on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is under scrutiny due to the company's declining performance. Candidates include CFO Jeremie Papin, Chief Planning Officer Ivan Espinosa, and Chief Performance Officer Guillaume Cartier, though their ties to current management issues raise doubts about their suitability. The automaker is also exploring partnerships, including a possible tie-up with Foxconn, as it grapples with significant structural challenges and a recent downgrade to junk status by Fitch Ratings.
Wiwynn Corp, a Taiwan-based cloud supplier, is set to invest $300 million in its first manufacturing facility in the U.S. to adapt its supply chain amid global economic challenges. The company, which serves major clients like Meta Platforms and Microsoft, reported record net profits of NT$7.05 billion in Q4 2024, doubling from the previous year, with annual profits rising 89% to NT$22.78 billion. Wiwynn is also expanding domestically with an NT$8 billion investment in a new facility at Southern Science Park, reflecting a 29% increase over initial estimates.
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