Taipei, Aug. 10 (CNA) Shares in Taiwan dipped below the 15,000-point mark Wednesday as selling in the bellwether electronics sector semiconductor stocks, in particular tracked an overnight plunge on the U.S. markets.
Taiwanese manufacturers are facing unparalleled headwinds this year, stemming from heightened tensions in the Taiwan Strait, continuing global economic uncertainty and the lingering effects of the COVID-19 pandemic. Still, they are trying to keep investing in technology and new product development, even though many of them, especially those with greater exposure to the consumer electronics sector or the Chinese market, have a gloomy outlook amid expectations of severe order cuts and revenue declines.
Behind this investment drive is the belief that maintaining technological leadership and innovation is the only way to survive downcycles, especially in the face of heated competition from
Taipei, Aug. 8 (CNA) Shares in Taiwan closed slightly lower after recovering most of their earlier losses on Monday to return to the 15,000 point mark, but turnover remained thin amid renewed concerns over the U.S. Federal Reserve's current aggressive rate hike cycle, dealers said.
Novatek Microelectronics Corp (聯詠), a supplier of display driver ICs, yesterday said that its revenue would plunge as much as 39 percent this quarter as customers pare down orders amid tepid demand for smartphones and other consumer electronics due to a global economic upheaval.
A spike in supply chain inventory is also adding to the already weak momentum of the industry, Novatek told an online investors’ conference.
However, the Hsinchu-based company said that this quarter would be the trough for the year as it is pinning its hopes on new product launches by smartphone vendors to help recoup some losses in revenue
Taipei, July 8 (CNA) Shares in Taiwan rose Friday for the second straight day, with the bellwether electronics sector boosted by buying, in the wake of strong gains by chip stocks on the United States markets overnight, dealers said.