Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of chips, said sales may rise to a record this quarter, beating estimates, before dropping amid growing inventories and a worsening economic outlook.
Taiwan’s export-order growth accelerated in July as sales to China rose and an earthquake- induced slump in Japanese demand eased.
Taiwan’s exports increased faster than estimated, giving the central bank more scope to raise interest rates for the third time this year as the island’s economy recovers.
Elpida Memory Inc. , Japan’s sole maker of computer-memory chips, plans to build factories in Taiwan and China to meet demand and reduce tax payments, President Yukio Sakamoto said.
Taiwan’s unemployment rate declined to a 27-month low in January as the island’s economic expansion spurs hiring and adds to the central bank’s case to raise borrowing costs further next month.
Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices as of 9:54 a.m. in Taipei.
"While the U.S. and Europe are struggling, demand for electronics parts and petrochemical goods from China and Southeast Asia is making up for the softness in the advanced economies."
- Kevin Wang on Aug 19, 2011