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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.
NVIDIA Corporation leads in the design and marketing of programmable graphics processors, with 77.8% of sales from IT and networking solutions, including data centers and AI infrastructure. The company also generates 22.2% of revenue from graphics processors for gaming and professional use. Geographically, 44.3% of sales come from the USA, followed by Taiwan (22%) and China (16.9%).
Hyundai Card has partnered with Line Pay to introduce QR payment solutions in Taiwan. This collaboration aims to enhance the digital payment landscape in the region, providing users with a seamless and efficient payment experience.
Adrian Zuercher of UBS Global Wealth Management expresses optimism for equity markets, anticipating a shift in fund allocations following potential Federal Reserve rate cuts. He highlights AI-driven investment opportunities in Taiwan and identifies China and India as key structural plays in Asia.
Hyundai Card has teamed up with Line Pay to introduce QR code payment options for users in Taiwan. This partnership enables Hyundai cardholders to make payments at over 600,000 merchants through the Hyundai Card app, which seamlessly integrates Line Pay features. The app also includes a map to help users find participating shops and restaurants while traveling.
Taiwan Semiconductor Manufacturing Co. (TSMC) solidified its lead in the global pure-play wafer foundry market, achieving a 67.1% market share in Q4 2024, up from 64.7% the previous quarter, with sales reaching US$26.85 billion, a 14.1% increase fueled by strong demand for smartphones and AI applications.In contrast, Samsung Electronics experienced a decline in market share from 9.1% to 8.1%, with sales falling 1.4% to US$3.26 billion due to lost orders from existing clients. Other notable players included SMIC (5.5%), UMC (4.7%), GlobalFoundries (4.6%), and Huahong Group (2.6%), with the top 10 companies collectively generating US$38.48 billion in sales, representing 96% of the global market.
Taiwan Semiconductor Manufacturing Co. (TSMC) solidified its lead in the global pure-play wafer foundry market, achieving a 67.1% market share in Q4 2024, up from 64.7% the previous quarter, with sales reaching US$26.85 billion, a 14.1% increase fueled by strong demand for smartphones and AI applications.In contrast, Samsung Electronics experienced a decline in market share from 9.1% to 8.1%, with sales falling 1.4% to US$3.26 billion due to lost orders from existing clients. Other notable players included SMIC (5.5%), UMC (4.7%), GlobalFoundries (4.6%), and Huahong Group (2.6%), with the top 10 companies generating US$38.48 billion in sales, representing 96% of the global market.
Ferrari N.V. operates primarily in luxury sports vehicle manufacturing, accounting for 85.8% of net sales, with models like the 458 Italia and 488 GTB. The company also engages in sponsorship activities (10%) and other ventures (4.2%). Geographically, the U.S. represents the largest market at 28.8%, followed by Europe-Middle East-Africa at 22.3%.
Taiwan Semiconductor Manufacturing Company (TSMC) will pay a quarterly dividend of $0.6855 on July 10, with an ex-dividend date of June 12. The company has a payout ratio of 30.68% and recently increased its dividend from $0.55, resulting in an annualized yield of 1.60%. TSMC's stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $220.
Foxconn, the world's largest contract electronics manufacturer, is set to report a 2.35% increase in fourth-quarter profit, driven by strong demand for AI servers. The net profit for October-December is expected to reach T$54.4 billion ($1.65 billion), up from T$53.15 billion a year earlier, with revenue jumping 15.2% to a record for the quarter.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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05:50 16.03.2025
Ferrari maintains strong sales performance and diverse global market presence
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07:39 14.03.2025
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