TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC) has been crowned the most-searched stock in Taiwan’s equity market for 2020, edging out Foxconn, the favorite of the past two years, according to a Yahoo Finance ranking.
This year's top-10 list is once again dominated by electronics companies that make chips, passive components, and display panels. TSMC, the world's largest semiconductor foundry, has seen its shares soar to a historic high of NT$525 (US$18), becoming one of the 10 most valuable corporations in July.
Foxconn, an electronics contract manufacturer and all-time favorite among retail investors, has claimed second place. Sales have picked up under the leadership of Chairman Young Liu (劉揚偉), who took the reins in July 2019, and the company is projected to benefit from continued demand for 5G, server, and automobile component products.
Also enjoying an increase in orders is the semiconductor foundry United Microelectronics Corporation (UMC), which is the fourth most-searched stock on TAIEX. The firm is estimated to have raked in over US$1.5 billion in revenue in the fourth quarter thanks to robust demand for driver ICs and power management ICs, reported UDN.
The 10 most-searched TAIEX stocks on Yahoo Finance this year are: TSMC, Foxconn, Yageo, UMC, Macronix, Unimicron, Innolux, MediaTek, AU Optronics, and Walsin Technology.