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Commerce Secretary Howard Lutnick is urging companies benefiting from federal semiconductor subsidies to boost their investments in the US, seeking tens of billions more without increasing the $52 billion from the 2022 Chips and Science Act. This push follows TSMC's commitment of an additional $100 billion to US facilities, with potential consequences for companies that do not expand their plans. Lutnick is also looking to enhance the Chips Act’s 25% tax credit, which would require Congressional approval, while delays in fund disbursements have left firms like Wolfspeed Inc. in limbo.
China's largest chipmaker, SMIC, reported a 27% revenue increase to a record US$8 billion for 2024, but net profit fell 45.4% to US$493 million due to legacy chip market challenges and US export restrictions, causing a 3.4% drop in shares. Hua Hong Semiconductor, the second-largest wafer manufacturer, saw a 12.3% revenue decline to US$2 billion and a staggering 79.2% drop in net profit to US$58 million, leading to a 3.3% share price decrease. Both companies are grappling with fierce competition and high-end chip production restrictions, while TSMC reported a 40% net profit increase to US$35 billion.
Gallant Micro Machining Co, a key supplier to TSMC, has reported record orders of NT$1 billion (approximately US$30.21 million) for 2025, driven by strong demand for advanced chip packaging technology, particularly CoWoS for AI chips. President Stone Shih noted improved order visibility extending into early 2026 and expressed optimism about growth fueled by the AI boom. The company also plans to establish a US office and production line, with the first line expected to be operational within two years.
Intel is revamping its chip design and foundry strategy under new CEO Lip-Bu Tan, aiming to attract major clients like Nvidia and Broadcom. The company is advancing its 18A manufacturing process and enhancing packaging innovations to compete with TSMC. Tan's leadership has already boosted Intel's stock by approximately 25%, with a focus on AI chip production and a significant overhaul of Intel Foundry.
Korean AI chipmaker FuriosaAI has turned down an $800 million acquisition offer from Meta Platforms Inc., choosing to remain independent and focus on growth. Founded eight years ago and led by June Paik, the company specializes in AI inference semiconductors and is currently engaging with clients like LG AI Research and Saudi Aramco. FuriosaAI plans to close an extended Series C funding round soon and is considering a future initial public offering.
UBS has identified improving risk-reward dynamics for leading AI semiconductor stocks, including Nvidia, Broadcom, TSMC, and ASML, driven by strong innovation and growth in AI computing demand. Despite market volatility, the firm believes the fundamentals of the AI industry remain robust, with Nvidia's upcoming Blackwell Ultra chip expected to sustain growth into 2026. UBS advises investors to capitalize on market fluctuations by purchasing quality AI stocks.
Taiwan's stock market closed higher on March 17, buoyed by gains in AI-related shares amid optimism for Nvidia's upcoming GPU Technology Conference. The benchmark Taiex index rose by 150.58 points, or 0.69%, to finish at 22,118.63, with a turnover of NT$301.88 billion (US$9.15 billion). Electronics stocks, particularly Taiwan Semiconductor Manufacturing Co. (TSMC), which increased by 1.15%, played a significant role in this rise, contributing approximately 88 points to the index.
Taiwan's stock market fell 1.73% on March 12, with the Taiex closing at 22,071.09, a drop of 388.06 points. This decline was driven by significant losses in US markets, particularly a 4% drop in the Nasdaq, and heavy selling in the electronics sector, which saw a 2.01% decrease. Taiwan Semiconductor Manufacturing Co. (TSMC) contributed notably to the decline, losing 2.71% to close at NT$971.00, influenced by a 3.64% drop in its American depositary receipts.
Danantara, Indonesia's new sovereign wealth fund, is adopting a cautious investment strategy, focusing on stability rather than high-risk startups. While it may consider later-stage Indonesian startups to address funding shortages, recent scandals in the sector raise concerns about viable exit opportunities. The fund's chief investment officer, Pandu Sjahrir, emphasizes a deliberate and slow approach to investing.
Taiwan stocks fell as TSMC's shares dropped 0.70% to NT$998.00 (US$30.33), marking the first close below NT$1,000 since November 2024. Concerns over TSMC's US$100 billion investment in Arizona and fears of a potential US recession contributed to the Taiex's decline of 116.92 points, or 0.52%, closing at 22,459.15. Turnover reached NT$337.99 billion (US$10.27 billion).
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US urges increased semiconductor investments amid Chips Act funding challenges
United States Dollar
Taiwan Semiconductor Manufacturing Co Ltd
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TWN
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08:20 01.04.2025
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Taiwan Semiconductor Manufacturing Co Ltd
Hua Hong Semiconductor Ltd.
Semiconductor Manufacturing International Corporation
TWN
CHN
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02:00 29.03.2025
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United States Dollar
New Taiwan Dollar
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TWN
USA
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08:50 28.03.2025
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Taiwan Semiconductor Manufacturing Co Ltd
Meta Platforms, Inc.
KOR
TWN
SAU
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Mark Zuckerberg
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13:51 19.03.2025
Taiwan stocks gain as optimism builds for Nvidia conference outcomes
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Taiwan stock market declines amid US economic concerns and tech sell-off
02:40 12.03.2025
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10:30 11.03.2025
Taiwan stocks decline as TSMC shares fall below key threshold
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