TAIPEI (Taiwan News) — Taiwan’s stock market set new intraday and closing highs on Tuesday, supported by strength in semiconductor and technology shares led by TSMC.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 63.78 points to close at 27,752.41. Turnover reached NT$514 billion (US$16.8 billion), according to CNA and CTEE.
TSMC briefly hit a record NT$1,500 during trading before ending flat at NT$1,480, with over 3,000 orders appearing in late trading. MediaTek also finished unchanged at NT$1,340.
Foxconn added 0.21% to NT$239 on volume exceeding 100,000 lots, or 100 million shares. Delta Electronics gained 0.49% to NT$1,020.
Robot-related stocks advanced after China’s Unitree Robotics unveiled its new humanoid robot, the H2, featuring a bionic face, and ahead of Nvidia’s GPU Technology Conference. Techman Robot hit the daily limit at NT$435, while Mirle Automation and Solomon Technology also recorded gains.
Passive component maker Yageo climbed to a new high of NT$208.5 after completing its tender offer for Japan’s Shibaura Electronics. It ended up 4.59% at NT$205.
In the broader passive component sector, Leatec Fine Ceramics and King Core Electronics both closed at the daily limit, at NT$31.9 and NT$29.5, respectively.
Power semiconductor shares performed strongly following reports that Dutch firm Nexperia may reduce production due to export restrictions, which could increase demand for Taiwanese suppliers. Panjit, Taiwan Semiconductor, and Episil-Precision all hit limit-up.
Power semiconductors are key components in modern electronic systems, used for power control and conversion in electric vehicles, data centers, smart grids, and industrial equipment. They play an essential role in improving energy efficiency and stability, according to Roocash.
Integrated circuit design firms also gained, with Global Unichip, Egis Technology, Advanced Power Electronics, Niko Semiconductor, and Amazing Microelectronic all closing at the daily limit. IC design involves creating the architecture and circuitry of chips, typically conducted by specialized design houses without their own manufacturing facilities.
Analyst Hsieh Chen-yen (謝晨彥) said the market’s upward trend could continue through mid-December, with potential for renewed momentum after a year-end consolidation.
TSMC remains the primary driver of the rally, with foreign investors raising their target price for the chipmaker to between NT$1,600 and NT$2,100. The company’s third-quarter results showed significant growth in both revenue and profit, with gross margins steady at 59–61% and earnings per share exceeding expectations, underscoring its global leadership in AI and advanced process technologies.
PGIM Prudential Fund Manager Kuo Ming-yu (郭明玉) said continued optimism from major semiconductor companies about AI-driven growth is supporting the market. Kuo added that the traditional fourth-quarter peak season could further benefit local equities, though short-term volatility may increase as valuations rise.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
