PRE-MARKET TAIWAN STOCKS NEWS: Taiwan’s government has resumed deliberations on the Longtan Science Park expansion project, potentially paving the way for TSMC to build five new fabrication plants for advanced chips
TSMC's planned expansion of five new fabs in Longtan, backed by government deliberations, signals aggressive capacity growth to meet sustained AI demand from major tech leaders through 2030.
News detail
TAIWAN Formosa Petrochemical (6505 TT) - Co. and CPC Corp. will keep domestic fuel prices unchanged this week. (Taipei Times) TSMC (2330 TT) - Taiwan’s government has resumed deliberations on the Longtan Science Park expansion project, potentially paving the way for the Co. to build five new fabrication plants for advanced chips. (Taipei Times) Tech – Nasdaq 100 edged higher on Friday as Fed rate hike bets unwound following weak US jobs data, while futures are rangebound but Asia-Pac stocks are mostly on the front-foot. Other News Taiwan’s USD 49bln public-sector pension fund plans to allocate more assets to third-party managers to increase its exposure to global equities. (Taipei Times)
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