Industry

TSMC Reports Record-Breaking Q3 Net Profit Amid Strong AI Demand

Taipei:Taiwan Semiconductor Manufacturing Co. (TSMC) announced a record-breaking net profit for the third quarter, driven by robust global demand for AI applications. However, the company’s gross margin decreased compared to the previous quarter due t…

Taiwan Stock Market Experiences Sharp Decline Amid Global Sell-Off

Taipei:Shares in Taiwan plummeted over 1,500 points on Thursday morning, driven by significant losses across major Asian markets and Wall Street due to renewed concerns about inflation. Market analysts reported a sell-off that was heavily influenced b…

CPC Corp. Taiwan to Invest in Alaska LNG Project

Taipei:State-owned CPC Corp., Taiwan will invest up to US$4.4 billion in an Alaska liquefied natural gas (LNG) project, aiming to purchase 6 million metric tons of LNG annually once production commences, as confirmed by the Ministry of Economic Affair…

U.S. Dollar Rises Significantly in Taipei Trading

Taipei:The U.S. dollar experienced a notable increase in value during Taipei trading, with the exchange rate reaching NT$32.475 at 10 a.m. on Friday. This marks an increase of NT$0.210 from the previous closing rate.

According to Focus Taiwan, the c…

Taiwan Stock Market Starts Day with Gains

Baku:The Taiwan Stock Exchange’s main index began the day with a rise, opening up 41.33 points at 48,382.64 on Wednesday. The turnover reached NT$9.50 billion, equivalent to US$295.63 million.

According to Focus Taiwan, the early trading session ind…