Kevin Wang News
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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.
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Taiwan’s export-order growth accelerated in July as sales to China rose and an earthquake- induced slump in Japanese demand eased.
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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.
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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.
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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.
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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.
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