Taiwan stocks tumble following US market rout on tech shares

The Taiwan Stock Exchange Weighted Index (TAIEX) fell almost 500 points, breaching the 16,000 barrier to close at 15,953 points, a drop of 3.03% from the yesterday’s close of 16,452, falling below the 5-day, 10-day, and monthly moving average on the last day of trading for the month today, Friday, February 26. The trading day saw a large volume sell-off in late trading, including a single transaction that saw 34,323 shares of TSMC (TWSE: 2330) shares sold worth a total

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Taiwan’s China Airlines launches last chance farewell party flight on retiring “Queen of the Skies” Boeing 747

China Airlines is offering a last chance to fly on its 747-400 in the form of a “747 Queen of the Skies Farewell Party,” before retiring the aircraft from service. Originally scheduled for February 6, the farewell flight was postponed due to a coronavirus cluster infection in Taoyuan City in January. China Airlines today announced that the flight has been rescheduled for March 20. Passengers who were originally booked for the February 6 flight, and who are unable to make

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Tesla navigation system bug: crashes if you mention “this” fish soup restaurant in Taiwan

A Tesla owner in Taiwan recently claimed that his car’s navigation system immediately crashed when he input the name and address of a particular fish soup restaurant in Tainan City, and other owners have confirmed the bug. Well-known tech and car bloggers also tested the bug and have uploaded video to social media sites to demonstrate the glitch. The videos show Tesla’s voice-activated navigation system crashing when asked to navigate to the Kaiyuan Road mackerel fish soup restaurant (開元路土魠魚羹) in

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Texas power outage hits semiconductor industry: Taiwan’s UMC stock up 1.04%

United Microelectronics Corp (UMC: TWSE 2303) stock rose 1.04% today after power shortages in Texas led to a shutdown in semiconductor manufacturing plants in Austin. The Texas shutdowns will exacerbate the global shortage in semiconductors, the Financial Times reported. Austin’s local electricity supplier Austin Energy told manufacturers to reduce or completely halt operations after a winter storm swept through the state, bringing record low temperatures, snow, and rolling blackouts that left millions of Texans without power. Samsung electronics halted operations

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Taiwan stocks, company revenues reach record highs: investors hope for bullish Year of the Ox

The Taiwan Stock Exchange is closed for the Lunar New Year holidays after finishing the Year of the Rat at a record high of 15,802 points, and record company revenues are boosting investor confidence for a bullish Year of the Ox. The TWSE closed Friday, February 5, 3,683.69 points (30.4%) up from the close of trading the previous year – the Year of the Pig. As company revenue reports flood in, investors are seeing record sales, revenues, and profits, on

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UMC announces net sales for January up slightly from December

Semiconductor manufacturer UMC (NYSE: UMC; TWSE: 2303) released its January sales performance today, February 8, showing a slight rise from December and a 10.2% rise year-on-year. Foundry production capacity has been tight and prices have been rising as suppliers struggle to keep up with demand, especially in the 8-inch and 12-inch wafer market. January’s consolidated revenue was reported at NT$15.529 billion, up 10.2% from January 2020, and 1.5% from December. UMC’s annual consolidated revenue in 2020 was NT$176 billion, a

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Unimicron stock drops as factory suffers second fire in three months

Printed circuit board (PCB) and integrated circuit (IC) manufacturer Unimicron Technology Corporation (TWSE: 3037) saw its stock price plummet this early this afternoon after a fire at its Taoyuan City factory at noon today, February 4. The Taoyuan City Fire department dispatched 42 vehicles and more than 100 personnel to the Shanying plant in Guishan District after thick black smoke was reported pouring out of the plant. According to reports, the fire started on the second floor of a building where

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Taiwan develops mask with transparent windows to improve communication

Medical mask manufacturer Taiwan Champ Manufacturing will donate 20,000 newly-developed transparent masks to social welfare organizations, after a joint effort between government and private sector groups to develop a mask to improve communication with the people who are deaf or hard of hearing, and it may bring benefits to anyone who appreciates a smile. Hsieh Li-fang (謝莉芳), chairperson of the Dandelion Hearing and Language Association (DHLA), said that people with hearing impairments rely on visual cues, facial expressions, and lip

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Details of fatal ultralight crash emerge as investigation begins

Further details about a fatal plane crash in Pingtung County yesterday have emerged as an investigation by Taiwan’s Transportation Safety Investigation Committee began today, January 8. See previous story: Light aircraft reported missing found crashed in Pingtung County: 2 dead The aircraft was identified as a CTLS ultralight belonging to the AeroJones Aero Club, with the serial number AJ-2199. The aircraft took off from the Saijia Airfield in Sandimen Township, Pingtung County at around 2:20 pm with a planned flight

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Light aircraft reported missing found crashed in Pingtung County: 2 dead

Fire Bureau search and rescue teams have located a light aircraft reported missing in Pingtung County this afternoon, and both occupants died in the crash. The Pingtung County Fire Bureau received a report about the missing plane at 4:35 pm, according to reports by Taiwan’s Central News Agency and United Daily News. The aircraft carrying a 50-year-old flight coach named Lin, and a 24-year-old passenger named Chen, took off from a light aircraft airfield in Gaoshu Township at around 2:00

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3,000 luxury cars unloaded at Port of Taichung today, breaking previous record

Three thousand cars imported from Europe were unloaded at the Port of Taichung on December 21, breaking the record for the number of cars unloaded in one shipment at the port. The cars were carried by the Norwegian 56,164 gross tonnage vehicle carrier Hoegh Trident. The shipment also broke the record for the highest value for a single shipment since the Port of Taichung was opened 44 years ago, port authorities said. The shipment is valued at almost NT$10 billion

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