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(CNA photo) Shares in Taiwan plunged 1.88 percent to close below 16,000 points on Thursday following an overnight dive in the tech-heavy Nasdaq index and the Philadelphia Semiconductor Index in the United States. The Taiwan Stock Exchange Weighted Index (TAIEX) fell 305.32 points, breaching the 16,000 barrier to close at 15,906.41, below the monthly moving average of 15,951. Turnover totaled NT$327.68 billion (US$11.77 billion) during the trading session. Contract chipmakers Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) led the main board, moving lower throughout the session after their American depositary receipts (ADRs) dropped 2.47 percent and 3.72 percent, respectively, in the U.S. overnight. TSMC, the most heavily weighted stock on the local market, fell 3.38 percent to close at NT$601.00, while UMC dropped 5.49 percent to end at NT$49.05.
Taipei, March 4 (CNA) Shares in Taiwan plunged 1.88 percent to close below 16,000 points on Thursday following an overnight dive in the tech-heavy Nasdaq index and the Philadelphia Semiconductor Index in the United States.
TSMC net profit hits new high in 2020
01/14/2021 04:15 PM
CNA file photo
Taipei, Jan. 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world s largest contract chipmaker, on Thursday reported a record high net profit for 2020, which market analysts attributed to its growth in the area of high-end processes.
In a statement released ahead of its investor conference, TSMC said its 2020 net profit rose by an annual 50 percent to NT$517.89 billion (US$18.50 billion), the highest in the company s history, with an earnings per share (EPS) of NT$19.97.
In 2020, TSMC s consolidated sales increased by an annual 25.2 percent to NT$1.34 trillion, also registering a record high, while its gross margin the difference between revenue and cost of goods sold rose 7.1 percentage points from a year earlier to 53.1 percent, according to the statement.