PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: ASE Technology (3711 TT) raised its FY capital expenditure budget by 23.5% to USD 10.5bln from USD 8.5bln amid strong demand for AI applications, Nasdaq 100 finished higher on Friday, although tech weighs on Asia
Taiwanese tech firms are significantly scaling AI investments, led by ASE Technology's $10.5B capex and MediaTek's market share push, while OUE faces losses due to China's real estate weakness.
News detail
TAIWANASE Technology Holding (3711 TT) - Co. raised its FY capital expenditure budget by 23.5% to USD 10.5bln from USD 8.5bln amid strong demand for AI applications. (Taipei Times)Hon Hai Precision Industry (2317 TT) - Co.’s Visionbay.ai subsidiary began commercial operations at a 5MW AI cluster using NVIDIA HGX B300 systems, with more than 90% of capacity already utilised. (Taipei Times)Lite-On Technology (2301 TT) - Co. Q2 (TWD) net rose 126% Y/Y to 7.12bln, revenue rose 30.38% Y/Y to 52.7bln; Co. expects sequential revenue growth in Q3 and Q4, supported by shipments of advanced power-management solutions for AI infrastructure. (Taipei Times)Tech – Nasdaq 100 finished higher on Friday amid double-digit percentage surge in Amazon shares, while futures are underpinned after Trump cancelled strikes on Iran, although Asia-Pac stocks are pressured overnight. (Newswires)MediaTek (2454 TT) - Co. aims to capture up to 20% of the serviceable market for customised AI accelerators next year as it expands into AI data centres. (Taipei Times)SINGAPOREOUE (OUE SP) - Co. expects to swing to a H1 loss, citing losses from Gemdale Properties and Investment as weakness in China's real estate market weighed on its performance. (Dow Jones Newsplus)
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