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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.
Taiwan's stock market saw a significant decline, with the Taiex falling 1.73% to close at 22,071.09 on March 12, driven by concerns over the US economy. The electronics sector led the drop, with TSMC losing 2.71% and contributing approximately 220 points to the index's fall, influenced by a 3.64% decrease in its American depositary receipts.
Meta is testing its first in-house AI training chip, aiming to reduce reliance on external suppliers like Nvidia and cut infrastructure costs. The dedicated accelerator chip, produced in collaboration with TSMC, is part of a long-term strategy to enhance AI capabilities, with plans for broader deployment if initial tests succeed. Meta's goal is to utilize these chips for training AI systems by 2026, starting with recommendation systems and expanding to generative AI products.
Meta is testing its first in-house AI training chip, aiming to reduce reliance on external suppliers like Nvidia and cut infrastructure costs. The dedicated accelerator chip, produced in collaboration with TSMC, is part of a long-term strategy to enhance AI capabilities, with plans for broader deployment if initial tests succeed. Meta's goal is to utilize these chips for training AI systems by 2026, starting with recommendation systems and expanding to generative AI products.
Taiwan Semiconductor Manufacturing Co. (TSMC) shares fell 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 US recession contributed to a 0.52% decline in the Taiex, which closed at 22,459.15. Turnover reached NT$337.99 billion (US$10.27 billion), with heightened worries following President Trump's comments and the Federal Reserve Bank of Atlanta's GDPNow tracker indicating potential negative growth in the US.
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).
Foxconn has launched its first large language model, "FoxBrain," designed to enhance manufacturing and supply chain management. Trained on 120 Nvidia H100 GPUs, it is optimized for traditional Chinese and Taiwanese language styles and features reasoning capabilities. Initially for internal use, FoxBrain will support data analysis, decision-making, and code generation, with plans for broader applications and collaboration with technology partners. Further details will be revealed at Nvidia's GTC developer conference in mid-March.
Taiwan Semiconductor Manufacturing Co. (TSMC) plans to hire 8,000 employees in 2025 to boost production capacity. The recruitment will include visits to 20 universities and online job events, targeting professionals in various fields, with new engineers earning an average salary of NT$2.2 million. Additionally, TSMC has opened applications for its summer internship program, focusing on master’s and PhD students, with potential full-time offers for top interns.
Consolidated Planning Corp increased its stake in Costco Wholesale by 33.4%, now holding 7,488 shares valued at $6.6 million. Institutional investors own 68.48% of the stock, which has seen price targets raised by several analysts, with JPMorgan forecasting a potential upside of 10.96%. Costco's recent earnings report showed a revenue of $63.72 billion, slightly above estimates, despite an EPS miss.
US President Donald Trump has softened his stance on Taiwan's semiconductor industry following TSMC's announcement of a $100 billion investment in the US, recognizing Taiwan's leadership in the sector. He attributed this success to past US policies and criticized the Chips and Science Act, suggesting TSMC's investment was motivated by tariff concerns rather than government support. The investment is poised to bolster the US semiconductor industry amid significant shifts in global supply chains.
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Taiwan stock market declines amid US economic concerns and tech sell-off
02:40 12.03.2025
Taiwan stock market declines amid US economic concerns and tech sell-off
02:40 12.03.2025
Meta tests in-house AI training chip to reduce reliance on Nvidia
12:32 11.03.2025
Meta tests in-house AI training chip to reduce reliance on Nvidia
12:32 11.03.2025
Taiwan stocks decline as TSMC shares fall below key threshold
01:00 11.03.2025
Taiwan stocks decline as TSMC shares fall below key threshold
01:00 11.03.2025
foxconn launches first large language model to enhance manufacturing and supply chain
08:55 10.03.2025
TSMC to hire 8000 employees in 2025 to boost production capacity
04:53 10.03.2025
costco wholesale sees increased institutional investment and positive analyst ratings
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09:02 09.03.2025
Trump adjusts Taiwan stance following TSMC's significant US investment
05:30 09.03.2025
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