PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: TSMC considering expanding into 3D DRAM production
ORIGINAL · NewsquawkPRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: TSMC considering expanding into 3D DRAM productionRead originalHide original
Taiwan Qisda (2352 TT) - Co. Q3 (TWD) net profit rose 230.1% Y/Y to 1.27bln (prev. 384.7mln Y/Y). (Qisda) Radiant Opto-Electronics (6176 TT) - Co. Q3 (TWD) net profit fell 46.7% Y/Y to 788.1mln (prev. 1.48bln Y/Y). (Radiant Opto-Electronics) TSMC (2330 TT) - Co. is reportedly considering expanding into advanced memory chip manufacturing, according to sources cited by The Information. Sources added that TSMC recently started drawing up plans for making a specific type of advanced memory chips, 3D DRAM, at the request of Nvidia (NVDA). (The Information) United Renewable Energy (3576 TT) - Co. October (TWD) revenue rose 3.0% Y/Y to 244.2mln (prev. 237.1mln Y/Y). (United Renewable Energy) US stocks - US stocks ended mixed. Tech stocks rallied on Friday, led by a turnaround in AI-related names following Thursday's sharp sell-off, although the sector still has some way to go to recover recent losses. Other News: Taiwan's FSC announced short-selling restrictions, effective November 9, cutting the intraday short-sale limit for borrowed securities to 3% of average daily trading volume (prev. 30%) and raising minimum margin requirements to 130% (prev. 90%). Finance Ministry said it is prepared to deploy its TWD 500bln stock market stabilisation fund. CPC Corp Taiwan says domestic gasoline and diesel prices will remain unchanged this week despite a decline in international crude oil prices.
The report described TSMC’s reported 3D DRAM planning, Taiwanese company results, US stock moves, Taiwan short-selling restrictions and stabilization-fund readiness, and unchanged fuel prices.
News detail
Taiwan Qisda (2352 TT) - Co. Q3 (TWD) net profit rose 230.1% Y/Y to 1.27bln (prev. 384.7mln Y/Y). (Qisda) Radiant Opto-Electronics (6176 TT) - Co. Q3 (TWD) net profit fell 46.7% Y/Y to 788.1mln (prev. 1.48bln Y/Y). (Radiant Opto-Electronics) TSMC (2330 TT) - Co. is reportedly considering expanding into advanced memory chip manufacturing, according to sources cited by The Information. Sources added that TSMC recently started drawing up plans for making a specific type of advanced memory chips, 3D DRAM, at the request of Nvidia (NVDA). (The Information) United Renewable Energy (3576 TT) - Co. October (TWD) revenue rose 3.0% Y/Y to 244.2mln (prev. 237.1mln Y/Y). (United Renewable Energy) US stocks - US stocks ended mixed. Tech stocks rallied on Friday, led by a turnaround in AI-related names following Thursday's sharp sell-off, although the sector still has some way to go to recover recent losses. Other News: Taiwan's FSC announced short-selling restrictions, effective November 9, cutting the intraday short-sale limit for borrowed securities to 3% of average daily trading volume (prev. 30%) and raising minimum margin requirements to 130% (prev. 90%). Finance Ministry said it is prepared to deploy its TWD 500bln stock market stabilisation fund. CPC Corp Taiwan says domestic gasoline and diesel prices will remain unchanged this week despite a decline in international crude oil prices.
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