![]() fell 4.51 percent to close at NT$222.50, and rival Wistron Corp. "Stocks related to artificial intelligence (AI) development also moved in weakness, adding pressure to the Taiex as investors continued to lock in the gains they had built for these stocks amid the recent AI frenzy," Hsu said. rose 2.49 percent to close at NT$782.00, and high-speed transmission IC designer Asmedia Technology Inc. In addition, Scientech Corp., TSMC's IC packaging and testing equipment supplier, lost 3.33 percent to end at NT$203.00.īucking the downturn, smartphone IC designer MediaTek Inc. TSMC's losses spread to other semiconductor stocks, with United Microelectronics Corp., a smaller contract chipmaker, down 2.31 percent to end at NT$46.50, and IC packaging and testing services provider ASE Technology Holding Co. state of Arizona to 2025 from 2024," Hsu said.Īccording to TSMC, the revised start date for commercial production at its Arizona plant is the result of a skilled worker shortage, which has slowed down the installation of clean room equipment. "I think the delay of the equipment delivery was largely because TSMC pushed back mass production at its wafer fab in the U.S. and the local markets also came after a Reuters report said the chipmaker had told major suppliers to delay the delivery of high-end chipmaking equipment due to weakening global demand. The Taiwan 50 Index consists of the largest 50 companies in terms of market capitalization and is also the first narrow-based index published in Taiwan and has TSMC as the top constituent. ![]() "The local main board also gave up the gains it had posted on Friday due to the index adjustments on the FTSE TWSE Taiwan 50 Index." market performance dictated the Taiex throughout the session as TSMC led the weakness," equity market analyst Andy Hsu said. TSMC's losses contributed about 150 points to the Taiex's fall and sent the bellwether electronics sector down 1.98 percent. The local tech sector's weakness continued as TSMC closed at the day's low of NT$540.00, falling 3.23 percent, after a 2.43 percent decline on its American depositary receipts (ADRs) on Friday. TSMC, the local market's most heavily weighted stock, was the target of particular attention as investors took cues from a 3.01 percent plunge on the Philadelphia Semiconductor Index Friday, itself driven by lingering concerns relating to end-user demand. The market opened down 0.16 percent and selling soon escalated. Turnover totaled NT$278.75 billion (US$8.72 billion). The Taiex, the Taiwan Stock Exchange's (TWSE) weighted index, ended down 222.68 points, or 1.32 percent, at the day's low of 16,698.24 after coming off a high of 16,893.97. Market sentiment remained cautious ahead of a two-day policymaking meeting scheduled by the U.S. markets at the end of last week, dealers said. (TSMC) coming under pressure following heavy losses for its counterparts on the U.S. 18 (CNA) Shares in Taiwan took a beating Monday, falling by more than 220 points to close below the 16,700 mark, with contract chipmaker Taiwan Semiconductor Manufacturing Co.
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