AGP Executive Report
Last update: 10 hours agoMarket Turmoil: Taiwan’s stocks plunged as a global AI sell-off rattled chipmakers, pushing the Taiex below 40,000 points. Authorities prepared the national stabilization fund for possible intervention. Chip Industry: TSMC is weighing a move into 3D DRAM at Nvidia’s request, but has made no investment decision. Micron, meanwhile, paused construction of its Taoyuan plant amid a union dispute over bonuses; the company says Taiwan operations remain normal. AI Demand: Foxconn reported record October revenue, up 45.73% year over year, as demand for AI hardware powered growth. Cross-Border Ties: Taiwan said Chinese pressure prompted it to close its Papua New Guinea office and end LNG purchases, adding a commercial dimension to the diplomatic strain. Creative Industries: Chunghwa Telecom unveiled 10 investments in Taiwanese film, television and music projects, backing local IP and overseas partnerships.
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