14 stories mentioning TPE:6770Updated 32d ago
Every FINWIRES story that references TPE:6770, newest first.
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Powerchip Semiconductor Manufacturing Corp (TPE:6770) has appointed vice chairman Brian Shieh as the chairman and chief executive officer of the company with effect from Tuesday, according to a same-day disclosure to the Taiwan stock exchange.The company's shares were up 10% in Wednesday's trade.He succeeds Frank Huang, who passed away on July 31.
Powerchip Semiconductor Manufacturing, PSMC, (TPE:6770) said media report on its future profitability and revenue outlook reflected management's views on industry trends rather than formal company guidance.The clarification was issued in response to a report published by Economic Daily News, according to a Wednesday Taiwan Exchange filing.The company said Acting Chairman Brian Shieh and President Martin Chu met reporters on Tuesday, to discuss PSMC's business strategy following the death of founder Frank Huang.The company said their comments on future production and sales were based on their industry experience and the nature of semiconductor foundry orders.
Powerchip Semiconductor Manufacturing (TPE:6770) said its management team remains stable following the death of founder and Chairman Frank Huang, with Acting Chairman Brian Shieh indicating the company's strategy will continue unchanged, Reuters reported Tuesday.Shieh said PSMC's partnership with US memory chipmaker Micron remains on schedule. The two companies entered a long-term manufacturing agreement after PSMC sold its P5 fabrication plant in Miaoli County to Micron earlier this year. As part of the agreement, PSMC will perform part of the post-wafer fabrication work for Micron's high-bandwidth memory chips used in AI processors, according to the report.The company expects a pilot production line by the end of 2026, with mass production targeted for the fourth quarter of 2027, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Powerchip Semiconductor Manufacturing's (TPE:6770) chairman and chief executive officer, Frank Huang, has passed away, according to a Friday filing with the Taiwan Exchange.The wafer foundry company has named Vice Chairman Brian Shieh to legally assume the chairman's duties, with plans in place to continue the company's growth in Taiwan's high-tech industry.
Powerchip Semiconductor Manufacturing (TPE:6770) acquired machinery equipment and facilities for about NT$1.66 billion, according to a Wednesday filing on the Taiwan Stock Exchange.The assets were acquired from Jiu Han System Technology, between May 21 and July 22.The equipment will be used for manufacturing purposes, the company said.
Tata Electronics is preparing to begin semiconductor wafer production in India using an older manufacturing process than originally planned, Bloomberg News reported Friday, citing people familiar with the matter.Tata Group's technology unit plans to produce chips primarily using 90-nanometer process technology at its upcoming fabrication plant in Dholera, Gujarat, the report said. The facility is reportedly expected to be India's first large-scale semiconductor fabrication plant.The project is being developed in partnership with Taiwan's Powerchip Semiconductor Manufacturing (TPE:6770), according to the report.Tata Electronics did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Powerchip Semiconductor Manufacturing (TPE:6770) has an average rating of overweight and mean price target of NT$83.17, according to analysts polled by FactSet.
Powerchip Semiconductor Manufacturing (TPE:6770) clarified a Commercial Times report indicating the company's mature-node wafer foundries gross margins expected to exceed 40% next year, according to a Wednesday filing with the Taiwan Exchange.The report attributed this to supply shortages.However, the company says it provided trend observations regarding its own business outlook during its earnings call and did not forecast specific gross margin figures.
Powerchip Semiconductor Manufacturing (TPE:6770) raised DRAM prices by 45% this month and increased prices of power management and display driver chips by 10% to 15%, Taipei Times reported Wednesday, citing the company's second-quarter earnings conference.The company said the price hikes are expected to boost gross margins in the current quarter as higher-priced shipments are delivered, and it did not rule out further increases in the second half of the year, according to the report.Chairman Frank Huang said structural DRAM supply shortages are likely to persist into 2027, while artificial intelligence-related foundry services are expected to become a key long-term growth driver, the report noted.Powerchip reported second-quarter net profit of NT$3.29 billion, down 77% from the previous quarter, but said first-half earnings rebounded from a year earlier, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Powerchip Semiconductor Manufacturing (TPE:6770) booked a consolidated operating income of NT$3.68 billion in the second quarter of the year, according to a Tuesday filing with the Taiwan Exchange.Gross profit of the wafer foundry service came in at NT$4.89 billion, while basic earnings per share stood at NT$0.76 during the period.
Powerchip Semiconductor Manufacturing (TPE:6770) acquired machinery and facility equipment from Tokyo Electron (TYO:8035) for about NT$1.09 billion, according to a Thursday Taiwan Exchange filing.The equipment will be used for manufacturing purposes, the company said.
Powerchip Semiconductor Manufacturing (TPE:6770) acquired machinery and related facilities worth NT$1.04 billion, according to a Tuesday Taiwan Exchange filing.The equipment was purchased from Lam Research International.The assets were purchased between May 22 and June 16, and will be used for manufacturing purposes, the company said.
Powerchip Semiconductor Manufacturing (TPE:6770) priced its global depositary receipt (GDR) offering at $31.70 each for a total offering size of about $832.8 million, according to a Tuesday Taiwan Exchange filing.The offering comprises about 26.3 million GDRs, with each GDR representing 15 common shares.The capital-raising plan includes about 420 million new common shares, comprising shares underlying the GDR offering and shares reserved for employee subscription.The issue is part of a capital-raising plan to fund equipment purchases and foreign currency needs.The shares will be listed on the Luxembourg Stock Exchange, with issuance scheduled for June 12.Proceeds will be used mainly to purchase machinery and equipment and support materials in foreign currencies, the chip manufacturer said.Shares fell nearly 10% in Wednesday's afternoon trade.
Powerchip Semiconductor Manufacturing (TPE:6770) booked net income of NT$14.2 billion for the first quarter, or NT$3.36 per share.Revenue for the three months stood at NT$13.6 billion, according to a Tuesday Taiwan Exchange filing.Meanwhile, operating income for the three months came in at about NT$14.23 billion.The company noted that the figures are preliminary.
