PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology Holding (3711 TT) raised its annual capex budget for the third time to USD 11.5bln (prev. USD 10.5bln)
ORIGINAL · NewsquawkPRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: ASE Technology Holding (3711 TT) raised its annual capex budget for the third time to USD 11.5bln (prev. USD 10.5bln)Read originalHide original
TAIWAN ASE Technology Holding (3711 TT) - Co. raised its annual capex budget for the third time to USD 11.5bln (prev. USD 10.5bln), driven by expectations that customer demand will continue to outpace capacity next year, particularly for its leading-edge advanced packaging technologies used in AI chips. (Taipei Times) Tech - Nasdaq underperformed during US trade following Alphabet’s earnings, while futures saw further pressure after hours due to weak reports from Amazon and Intel. Other News Taiwan Semiconductor Industry Association (TSIA) supports the government's efforts to assess restarting nuclear power plants, citing the need for a stable and sufficient electricity supply to support the semiconductor industry. (Taipei Times) Taiwan's economy remained in boom territory for a 10th consecutive month in September, supported by surging demand for AI hardware despite an increasingly high comparison base, according to the National Development Council (NDC). (Taipei Times) SINGAPORE Keppel (KEP SP) - Co. CEO sees essential services providing resilience and growth opportunities, with rising AI and energy demand expected to drive its next phase of expansion. (Straits Times) ST Engineering (STE SP) - Co. secured SGD 5.6bln in new contracts during Q3 2026. (Straits Times)
ASE raised its capex plan to USD 11.5 billion, citing expected next-year demand exceeding capacity, especially for AI-chip advanced packaging; a separate report described the planned allocation of the increase.
News detail
TAIWAN ASE Technology Holding (3711 TT) - Co. raised its annual capex budget for the third time to USD 11.5bln (prev. USD 10.5bln), driven by expectations that customer demand will continue to outpace capacity next year, particularly for its leading-edge advanced packaging technologies used in AI chips. (Taipei Times) Tech - Nasdaq underperformed during US trade following Alphabet’s earnings, while futures saw further pressure after hours due to weak reports from Amazon and Intel. Other News Taiwan Semiconductor Industry Association (TSIA) supports the government's efforts to assess restarting nuclear power plants, citing the need for a stable and sufficient electricity supply to support the semiconductor industry. (Taipei Times) Taiwan's economy remained in boom territory for a 10th consecutive month in September, supported by surging demand for AI hardware despite an increasingly high comparison base, according to the National Development Council (NDC). (Taipei Times) SINGAPORE Keppel (KEP SP) - Co. CEO sees essential services providing resilience and growth opportunities, with rising AI and energy demand expected to drive its next phase of expansion. (Straits Times) ST Engineering (STE SP) - Co. secured SGD 5.6bln in new contracts during Q3 2026. (Straits Times)
Related stocks
5 stocks
What do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.