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TSMC stock hits record high, market value reaches NT$28.5T
TSMC hits a record stock price of NT$1,100, driven by strong Q3 results and optimistic forecasts. The company sees AI demand fueling growth through 2025.2024/10/18 09:29 -
Survey: Tech firms optimistic about second half of 2024
85% of tech companies in a recent survey by 1111 Job Bank exhibit a positive outlook for the year’s second half, with a strong hiring intent despite recruitment challenges and a declining graduate pool.2024/07/08 17:04 -
DPP’s Hsiao: TSMC US factory due to client demand
DPP vice presidential candidate Hsiao Bi-khim visited Hsinchu on Dec. 25, emphasizing that Taiwan Semiconductor Manufacturing Company’s (TSMC) decision to establish a factory in the United States was driven by client demand rather than government influence. Hsiao refrained from commenting on TSMC’s internal affairs but acknowledged the company’s understanding of its customers’ need for a U.S. factory. As someone with a strong American background, Hsiao mentioned her American friends’ interest in TSMC’s investments in the U.S. She also highlighted the increased attention Taiwan has received globally and the influx of visitors, some specifically requesting to visit Hsinchu and TSMC. Hsiao took the opportunity to engage with the youth and gain more recognition among them.2023/12/26 10:08 -
Western Digital announces price hike following Samsung
Western Digital Corporation (WD) has announced that it will increase prices in response to the recent price hikes in the memory chip industry. Following Samsung’s 20% price increase, WD has informed its downstream channels and contract manufacturers that hard drive products will be subject to weekly price reviews, with adjustments expected to begin in the first half of next year. The company has projected that the cumulative increase in NAND Flash prices could reach up to 55%. These price increases align with the World Semiconductor Trade Statistics (WSTS) organization’s projection of a 44.8% revenue growth in the memory market for the coming year. Market research firm Gartner has estimated an even more significant surge, predicting a 66.3% increase in memory market revenue. While this suggests a strong demand for memory products, it also indicates rising costs for manufacturers and potentially higher prices for consumers in the technology sector.2023/12/07 18:59 -
Cathay Pacific to hire 5,000 staff amidst travel surge
Cathay Pacific plans to hire 5,000 additional employees in 2024 to address a staff shortage caused by a rapid rebound in travel demand. The airline’s Chief Financial Officer, Rebecca Sharpe, announced the plan during an analyst meeting, stating that the strong performance in the first half of the year is expected to continue. This comes after Cathay Pacific already expanded its workforce by 4,000 this year. The positions to be filled range from ground staff and cabin crew to pilots. The airline had to enact major staff reductions in 2019, cutting around 11,000 employees due to the impact of the pandemic. However, the resurgence of travel demand in 2023 led to severe staffing shortages. Despite this, Cathay Pacific achieved a net profit of HK$ 4.27 billion in the first half of 2023, a significant turnaround from a loss of HK$ 5 billion in the same period last year. Passenger numbers also soared to 14.57 million in the first 10 months of 2022, nearly ten times higher than the same period in 2021. This expansion reflects the recovery of the travel industry from the COVID-19 pandemic.2023/11/25 16:38 -
Ruentex Development’s new property breaks records
Ruentex Development Co.’s new real estate property, ’Ruentex Yangbei (潤泰央北),’ in New Taipei City attracted hundreds of buyers who queued up for up to two hours to view the three homes up for sale. The property, located in the readjustment Yangbei district, set a new record for the highest price per ping in the area, with homes selling for over NT$900,000 per ping after negotiations. Each Ruentex Yangbei property is priced between NT$25.92 million and NT$29.52 million, with an average unit price of around NT$720,000 per ping. Situated at the intersection of Sixin First Road and Yangbei Second Road in Xindian, the property consists of three underground floors and 20 above-ground floors, housing a total of 185 units. Despite concerns about a cooling property sector, the strong demand for these properties since their launch in 2021 has surprised many. One online user commented, "It is hard to believe the housing market is cooling, seeing people buying properties like buying vegetables."2023/11/07 16:05