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Bank of America has reaffirmed a "neutral" rating for Bank of China (OTCMKTS:BACHY), while Goldman Sachs upgraded it from "hold" to "strong-buy." The stock traded down 0.8% to $14.73, with a market cap of $173.45 billion and a P/E ratio of 5.78. Despite a current buy rating, analysts suggest five other stocks may be better investment options.
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.
Taiwan's Investigation Bureau is probing Semiconductor Manufacturing International Corp (SMIC) for allegedly illegally hiring local engineers to gain access to advanced chip technology. The inquiry, announced on March 28, includes raids at 34 locations and questioning of 90 individuals, targeting SMIC and 11 other Chinese tech firms. SMIC has not commented on the allegations.
BNP Paribas Taiwan lifted the suspension of employee representative Mr. Wu on March 17, following intervention from UNI Global Union under a new global agreement. Wu had been suspended for allegedly misusing company resources while promoting union formation, but discussions led to a resolution, allowing him to withdraw his unfair labor practice complaint. The Taiwan Federation of Financial Unions supported Wu, and both parties are now exploring cooperation on labor education and union formation.
Taiwan's economy experienced growth in February 2025, fueled by strong demand for AI chips, as reported by the National Development Council. The composite index, reflecting economic conditions, rose to 37, indicating moderate strength, with notable improvements in manufacturing and retail sectors attributed to factory expansions and increased semiconductor equipment imports.
Taiwan's Ministry of Economic Affairs has approved significant investment plans from Google and Amazon. Google Engineering UK Holdings will invest NT$7 billion (US$211.3 million) in mobile and wearable technology research through Google Taiwan Ltd. Meanwhile, Amazon's A100 Row Inc. is set to invest NT$2.59 billion (US$87.2 million) in its AWS Taiwan operations, focusing on personnel and equipment maintenance.
Foxconn will hold a seminar in Japan on April 9 to present its electric vehicle (EV) strategy, targeting local automakers and suppliers. Jun Seki, the company's chief EV strategy officer and a former Nissan executive, is set to speak at the event. This follows Foxconn's recent agreement with Mitsubishi Motors to produce EVs for Oceania, marking its first outsourcing deal with a Japanese automaker and indicating a potential shift in Japan's automotive landscape amid rising competition from Chinese manufacturers like BYD.
The US has added 80 organizations to its export blacklist, with over 50 based in China, to prevent access to advanced computing technologies for military purposes. The restrictions, announced by the Department of Commerce’s Bureau of Industry and Security, target entities involved in high-performance computing, AI, and hypersonic weapons development. China's Foreign Ministry condemned the move as a violation of international law, highlighting the ongoing tensions between the US and China.
UBS has downgraded Sunny Optical Technology Group from "buy" to "sell," lowering its price target to HK$67.00, citing overextended stock valuation and concerns over future earnings amid macroeconomic risks. Despite strong fundamentals and a significant stock return, analysts question the sustainability of demand and the realism of aggressive EPS growth forecasts.In contrast, BofA Securities and Citi maintain "buy" ratings with higher price targets, highlighting growth potential in the automotive sector and camera modules, while Jefferies has lowered its target to HK$85.00, expressing caution over smartphone demand and growth prospects.
Goldman Sachs has revised its forecast for global AI server shipments, anticipating a slowdown in market growth due to product transition challenges, supply and demand uncertainties, and rising production complexities. The new projections for 2025 and 2026 have been adjusted to 19,000 and 57,000 units, respectively, down from 31,000 and 66,000 units. Additionally, the firm has lowered target prices for several Taiwan-based companies within the AI server supply chain.
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bank of china stock receives neutral rating as shares decline slightly
17:19 28.03.2025
Gallant Micro secures record AI chip orders amid growing demand
United States Dollar
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Taiwan Semiconductor Manufacturing Co Ltd
Gallant Micro. Machining Co., LTD.
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Stone Shih
08:50 28.03.2025
Taiwan investigates SMIC for illegal recruitment of local engineers
07:39 28.03.2025
bnp paribas resolves employee suspension through global union agreement in taiwan
06:07 28.03.2025
Taiwan's economy grows in February fueled by AI chip demand
05:45 28.03.2025
Taiwan approves major investments from Google and Amazon subsidiaries
05:00 28.03.2025
Foxconn to unveil electric vehicle strategy at Japan seminar
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08:20 27.03.2025
US blacklists 80 firms including over 50 from China for security concerns
03:30 27.03.2025
ubs downgrades sunny optical to sell and lowers price target to hk67
07:29 26.03.2025
Goldman Sachs cuts AI server shipment forecasts and target prices for suppliers
04:10 26.03.2025
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