Taipei, Dec. 6 (CNA) Shares of Taiwan-based contract chipmaker Powerchip Semiconductor Manufacturing Corp. rose by more than 50 percent on Monday as it made its debut on the Taiwan Stock Exchange (TWSE), buoyed by a rosy outlook about the pure-play wafer foundry industry at a time of tight global supply, dealers said.
Shares of contract chipmaker Powerchip Semiconductor Manufacturing Corp (力積電) yesterday rose by more than 50 percent on its debut on the Taiwan Stock Exchange (TWSE), buoyed by a rosy outlook for the pure-play wafer foundry industry amid tight global supply, dealers said.
Shares of Powerchip Semiconductor closed at NT$75.90, up 52.1 percent from its issuance price of NT$49.90, helping offset the impact on the local market of US market losses on Friday, when the tech-heavy NASDAQ lost 1.92 percent and the Dow Jones Industrial Average declined 0.17 percent due to disappointing US jobs data, dealers said.
Newly listed stock in Taiwan is
Taipei, Oct. 16 (CNA) Taiwan has more semiconductor capacity than any other economy in the world, and that strength could prompt China to take it over amid growing tensions between Beijing and Washington, according to U.S.-based market information advisory firm IC Insights.