Several brokerages have issued a buy rating on shares of Advanced Semiconductor Engineering Inc. (ASE, 日月光) after the world's largest integrated circuit packaging and testing firm reached a deal to form a holding company with a smaller rival.
Rental prices for Grade A offices in Taipei were the 16th highest among major cities in the Asia-Pacific region, property market consulting firm REPro Knight Frank said Saturday.
China Steel Corp. (中鋼), the largest steel maker in Taiwan, has raised its wholesale prices for July-August deliveries by more than 10 percent after a similar hike for June contracts in reflection of an uptrend in international steel product prices.
Taiwan witnessed its share of the global smartphone assembly business fall in the first quarter of this year amid escalating competition in the world market, market information advisory firm International Data Corp. (IDC) said Saturday.
Taiwan's official statistics agency has lowered its forecast for Taiwan's gross domestic product (GDP) growth for 2016 to 1.06 percent.
Shares in Taiwan moved higher Friday as investors were encouraged by a deal to set up an integrated circuit packaging and testing firm in Taiwan, prompting them to pick up semiconductor stocks, dealers said.
Shares of Advanced Semiconductor Engineering Inc. (ASE,日月光) and Siliconware Precision Industries Co. (SPIL, 矽品) got a boost Friday as the two largest integrated circuit packaging and testing services providers in Taiwan prepared to form a joint holding company, dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.048 to close at NT$32.528 as foreign investors continued to move funds into the country, dealers said.
The Taiwan External Trade Development Council (TAITRA, 外貿協會) said Thursday it expected its usual cross-strait economic and trade activities to continue under President Tsai Ing-wen's administration.
Advanced Semiconductor Engineering Inc. (ASE, 日月光) and Siliconware Precision Industries Limited Co., Ltd (SPIL, 矽品) -- Taiwan's two leading chip testers -- said Thursday that they had reached an agreement to form a holding company.