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But for those looking for alternatives, UBS has refreshed its list of "highest conviction and most investable" tech stocks in Asia. So far, UBS' Asian Super 8 has gained 8.3% since its inception in February, beating the 6.7% returned by the benchmark MSCI Asia-Pacific index. "We believe the valuation discount across the value chain in Asia's technology sector offers a defensive catch-up play for investors," UBS' analysts wrote. Tencent has been making headlines recently, with several analysts bullish, including Goldman Sachs , which included the stock in its conviction list. The company, which also goes by the name Foxconn, is expecting over 40% year-on-year growth in its AI server sub-segment this year, UBS' analysts noted.
Persons: Tencent, Goldman Sachs, Hon Hai Taiwan's, Hai, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, UBS, Hong Kong Stock Exchange, U.S, Hai Precision Industry, Taiwan Stock Exchange, Lenovo Lenovo, Lenovo, Hong Kong Exchange Locations: Asia, China, U.S
"A solid iPhone replacement cycle and spec upgrade should help HH's better sales/earnings in 2025-26," the investment bank's analysts wrote. The bank expects the China-based design and manufacturing giant to see strong margins as demand for its casings increases in tandem with better iPhone shipment cycles between 2025 and 2026. "We lift Foxconn Industrial Internet (FII)'s 2024-26E earnings by 2-6% on potentially better iPhone casing sales and strong AI server contribution," the analysts wrote. "We expect BYDE's casing profitability to gradually improve on better operation efficiency (higher automation rate, improving yield)," the analysts wrote. They have lifted the company's 2025-2026 earnings expectations by 2% to "reflect potentially better iPhone volume, robust auto expansion as well as rising AI-related contribution (server, robot)."
Persons: Ming, Chi Kuo, Ross Young, Hai, BofA, Foxconn, — CNBC's Michael Bloom Organizations: Tech, Apple, Bank of America, Hai Precision Industry, Taiwan Stock Exchange, American Depository, New, Industrial, Taiwan Stock Exchanges, U.S . Its, Shenzhen Stock Exchange, China 5G, Semiconductor, Hong Kong Exchange, Hong Locations: U.S, New Taiwan, China, Shanghai, Taiwan, U.S . Its Shanghai, Hong Kong
A screen displays stock figures at the Taiwan Stock Exchange Corp. headquarters in Taipei, Taiwan, on Monday, Jan. 15, 2024. The Taiwan Weighted Index has surged 28% so far this year, powered by stocks along the AI value chain. While Taiwan may lead Asian markets, Japan seems to be the favored market going forward, among analysts who spoke to CNBC. While most Asian markets are in positive territory year-to-date, three stock markets — Thailand, Indonesia and the Philippines — fell into negative territory. The CME FedWatch tool indicates that 61% of traders expect the Fed to cut rates by 25 basis points in the September meeting.
Persons: Foxconn —, Hai Precision Industry —, Rahul Ghosh, Rowe Price, Ghosh, Ben Powell, Powell, Neel Kashkari, Ken Orchard Organizations: Taiwan Stock Exchange Corp, Bloomberg, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Intelligence, Nikkei, CNBC, BlackRock Investment Institute, Bank of Japan, Federal, U.S, Fed, Minneapolis Federal Locations: Taipei, Taiwan, Asia, Pacific, Japan, BlackRock, Thailand, Indonesia, Philippines, Jakarta, Philippine, U.S
Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region. Here are three of the latest additions to Goldman's directors' cut lists — for Asia-Pacific and Europe — that were given more than 40% upside potential in the next 12 months. Goldman has a target price of 685 New Taiwan dollars ($21.16) on the stock, implying 54.1% potential upside.
Persons: Goldman Sachs, Goldman, Chao Wang, Oil Goldman, Nikhil Bhandari, Phillips, Daniela Costa, CNBC's Michael Bloom Organizations: bank's Investment, EMC, Taiwan Stock Exchange, SmartETFs Asia, New, Oil, Project, bbl, PTT Public Company, Stock Exchange of, Nasdaq, Philips, Euronext Locations: Asia, Pacific, Europe, New Taiwan, Thailand's, Stock Exchange of Thailand, Dutch, Euronext Amsterdam
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan Stock Exchange: We're confident in our capital markets no matter who next U.S. president isSherman Lim, chairman and CEO of the Taiwan Stock Exchange, discusses the exchange's outlook for the year.
Persons: Sherman Lim Organizations: Taiwan Stock Exchange
watch nowTaiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview. Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong gains on the Taiwan Weighted Index to "the AI revolution." So it means, actually, Taiwan plays [a] very crucial role in AI supply chain and also the semiconductor industry," said Lin. Taiwan also held nearly 80% market share in extreme ultraviolet generation processes, such as 7-nanometer and more advanced technology, said TrendForce. EUV tools are critical in the production of the world's most advanced processors.
Persons: Sherman Lin, Lin, TSMC Organizations: Taiwan Stock Exchange, CNBC, Taiwan Stock Exchange Corporation, Taiwan, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, TSMC, U.S, ICT, Samsung, Intel Locations: Taiwan, South Korea, China, Japan, U.S
The 7.2-magnitude earthquake shows the vulnerability of TSMC, the world's top chipmaker, to natural or geopolitical events. AdvertisementTaiwan experienced its worst earthquake in 25 years on Wednesday morning, disrupting the operations of companies including Taiwan Semiconductor Manufacturing, or TSMC. It's the world's largest chipmaker and is, by some estimates, the producer of 90% of the world's most advanced processor chips. Overall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecast. April 3, 6:41 p.m. SGT: An earlier version of this story misstated the magnitude of the earthquake that struck Taiwan.
Persons: , TSMC Organizations: Taiwan Semiconductor Manufacturing, Service, Bloomberg, — Bloomberg, Taiwan Stock Exchange Locations: Arizona, Japan, Germany, Taiwan, Hsinchu, Beijing, Washington, China
TSMC, which is the world's largest producer of advanced processors, manufactures chips for companies such as Nvidia and Apple . Morgan Stanley increased the price target on the U.S. chip giant to $750 from $603 on Feb. 7 and said it continues "to see a very strong near term picture." TSMC shares opened at a high of 709 New Taiwan dollars on Thursday morning and closed at NT$697, nearly 8% higher from its last close on Feb. 5. The Taiwan Stock Exchange resumed trading on Feb. 15 after the Chinese New Year break. "B100 transition an important near term driver, impacting H100 lead times and competitive dynamics," wrote Morgan Stanley analysts in the Feb. 7 report to clients.
Persons: TSMC, Morgan Stanley, ChatGPT Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, New, Taiwan Stock Exchange Locations: Krakow, Poland, U.S, New Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan Stock Exchange CEO says he expects 'over 45' IPOs this yearSherman Lin, chairman and CEO of the Taiwan Stock Exchange, discusses how the island has been courting more investments.
Persons: Sherman Lin Organizations: Taiwan Stock Exchange
People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.
Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei
TAIPEI, Taiwan (AP) — Taiwan authorities fined a golf ball manufacturer 2.4 million New Taiwan dollars ($75,000) on Monday and warned of criminal charges for storing 30 times the legal limit of hazardous material and other violations after a major factory fire killed nine people and left one other missing. Launch Technologies is one of the world's major golf ball makers, producing 20% of the global supply last year. Since 2018, the company has been fined 200,000 New Taiwan dollars ($6,200) for safety and health violations and another 300,000 New Taiwan dollars ($9,300) over labor conditions, according to Taiwan's Occupational Safety and Health Administration. The company was also fined 300,000 New Taiwan dollars ($9,300) for air pollution violations in 2020, according to its 2021 annual report. Company general manager Lu Ying-cheng said at a news conference on Sunday that Launch Technologies has made improvements to the work environment in recent years.
Persons: Chou Chun, Chou, Lu Ying, cheng, ” Lu, Wanqing Chen Organizations: Taiwan, Technologies, Taiwan's Central News Agency, . Company, Launch Technologies, Safety, Health Administration, Company, Taiwan Stock Exchange, Associated Press Locations: TAIPEI, Taiwan, Pingtung, Beijing
TAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. "Foreign investors have recently trimmed their holdings. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?" "Taiwan's supply chain is very strong.
Persons: Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: TAIPEI, Taiwan, China, Asia, Japan, Singapore, New York, Boston
A man wearing a face mask passes in front of screens showing trading data while using an escalator outside Taiwan Stock Exchange in Taipei, Taiwan March 20, 2023. REUTERS/Annabelle Chih/File Photo Acquire Licensing RightsTAIPEI, Aug 18 (Reuters) - Foreign investors seem to be undeterred by the possibility that growing tensions between Taiwan and China could precipitate fund outflows from the Taiwan market, the chairman of the Taiwan Stock Exchange told Reuters. Taiwan Stock Exchange Chairman Sherman Lin said in an interview this was a natural plateau after a rally rather than a sign that foreign funds are fleeing the market. "We have talked to foreign investors, including from countries such as Japan and Singapore. "Even with the regular sight of Chinese warplanes flying around, why have foreign investors not left the Taiwan market?"
Persons: Annabelle Chih, Sherman Lin, Lin, Faith Hung, Roger Tung, Jacqueline Wong Organizations: Taiwan Stock Exchange, REUTERS, Rights, Reuters, Investment, Depository Trust, Clearing, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Asia, Japan, Singapore, New York, Boston
Foxconn said Monday it's scrapping a $20 billion JV with Indian conglomerate Vedanta to make semiconductors. Other plans to boost India's chipmaking sectors are also progressing slowly. The two companies signed an agreement in February 2022 to form a joint venture, or JV, to manufacture semiconductors in India. Apart from Foxconn abandoning its JV with Vedanta, two other chipmaking ventures are also in limbo. A $3 billion venture under global consortium ISMC — which counts Israel's Tower Semiconductor as a partner — has stalled, as Tower is in the process of being acquired by tech bigwig Intel, Reuters reported on June 1.
Persons: Foxconn, Narendra Modi's, Taiwan's Foxconn, Apple —, Narendra Modi, , hasn't, Rajeev Chandrasekhar, editorializing abt, Modi Organizations: Vedanta, Indian, Morning, Apple, JV, Hai Technology Group, Taiwan Stock Exchange, Taiwan Semiconductor Manufacturing Company, ISMC, Semiconductor, Intel, Reuters, Micron, JV Vedanta, India Locations: India, Taiwan, China, Gujarat, Taiwan Straits, Singapore, Indias
TAIPEI, June 8 (Reuters) - Taiwan's top chip design company MediaTek Inc (2454.TW) said on Thursday it will defend itself in court against accusations from Realtek (2379.TW) that it paid a company that sues over patents a "secret litigation bounty" to file meritless lawsuits. Realtek Semiconductor Corp's lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc in an effort to drive Realtek out of the market and monopolise the industry for chips used in smart televisions and set-top boxes. In a statement to the Taiwan stock exchange, MediaTek said the case was in the process of being litigated and it will submit evidence and defend itself against the accusations. It added that the litigation has no significant impact on the company. Reporting by Ben Blanchard; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: MediaTek, Ben Blanchard, Christopher Cushing Organizations: MediaTek Inc, Realtek Semiconductor, IPValue Management Inc, Thomson Locations: TAIPEI, Realtek, California, Taiwan
TAIPEI, March 1 (Reuters) - Taiwanese Apple Inc (AAPL.O) supplier Foxlink (2392.TW) said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables. Foxlink was engulfed in a massive fire on Monday that led part of the building to collapse, but there were no casualties. Foxlink, in a statement to the Taiwan stock exchange, said it is investigating the cause of the fire and "working hard to resume production". The company will coordinate with customers and suppliers to "discuss solutions for the production capacity affected before resuming work". The company's stock was down more than 2% in early morning trade Wednesday, compared to a 0.5% fall for the broader market (.TWII).
Workers are reportedly fleeing the world's largest iPhone factory in droves, amid a Covid outbreak. Dramatic photos and videos of Foxconn workers escaping the Zhengzhou compound have made their way online. Foxconn said it's continuing to implement pandemic prevention measures in Zhengzhou park, including setting up a 24-hour hotline for employees. The Foxconn outbreak happened just as Apple enters the crucial holiday quarter for retail trade. Foxconn shares are flat on Monday, trading at 45.50 New Taiwan Dollars, or $1.41 apiece, on the Taiwan Stock Exchange.
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