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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.
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.
Jollibee Foods Corporation is expanding its coffee and tea business, which includes brands like Compose Coffee and Coffee Bean & Tea Leaf, to strengthen its position in the competitive F&B market in the Philippines. This move may lead to a clash with VC-backed startups like Pickup Coffee and Zus Coffee, which are targeting younger consumers.In other news, Swiggy has launched a new B2B platform, Assure, to provide locally sourced fresh ingredients, while the IndiaAI Mission and the Gates Foundation are collaborating to enhance AI solutions across various sectors.
BNP Paribas Exane has revised its price target for Micron Technology to $75 from $70 while maintaining an underperform rating. Micron specializes in semiconductors, with a diverse product range including memory products and systems, and generates significant sales from IT infrastructure and mobile devices. The company operates 11 manufacturing sites globally, with the majority of its net sales coming from the United States.
Foxconn, the largest contract electronics manufacturer, expects its AI server revenue to surpass iPhone sales within two years, potentially as early as this year. Chairman Young Liu highlighted strong demand for AI servers, projecting revenue could reach T$1 trillion (US$30.29 billion) by 2025, making up over half of total server revenue. Additionally, revenue from cloud and networking products is anticipated to match that of smart consumer electronics like iPhones in the same timeframe.
MediaTek Inc's shares surged by 3.51% on March 18, 2025, following news of a collaboration with Google to develop a next-generation AI chip. The partnership focuses on the seventh-generation Tensor Processing Unit (TPU), set to launch next year, building on the sixth-generation TPU released recently.
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.
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.
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.
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.
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Gallant Micro secures record AI chip orders amid growing demand
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