AGP Executive Report
Last update: 3 hours agoChipmaking: TSMC posted a sixth straight record quarter, with third-quarter profit up 69% to NT$763 billion and revenue up 51% to NT$1.49 trillion. It sees fourth-quarter revenue rising as much as 61% year over year and lifted its 2026 growth forecast to about 44%, but warned it is taking a cautious view of 2027 and is weighing a Texas fab. AI Supply Chain: ByteDance is in advanced talks to buy custom data-center chips from MediaTek, a potential boost to the Taiwanese chip designer’s push into AI infrastructure; terms remain unsettled. Economic Outlook: The IMF raised Taiwan’s 2026 growth forecast to 10.7%, the highest in Asia-Pacific, citing surging AI-related exports. Market Turmoil: Despite TSMC’s results, Taiwan shares slid more than 3% amid a global tech rout, while state-owned banks reportedly sold U.S. dollars to support liquidity. Energy Investment: Taiwan says it plans to invest up to US$4.4 billion in Alaska LNG, subject to negotiations; President Donald Trump has described a wider deal involving purchases of 30% of the project’s output.
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