TWO:6488

Morgan Stanley Downgrades GlobalWafers to Equalweight from Overweight; Price Target is NT$750

Market Chatter: Taiwanese Chip, Tech Firm Plan About NT$1 Trillion Investment in US

Taiwanese semiconductor and tech companies are planning around NT$1 trillion ($35 billion) in fresh investment in the United States, Focus Taiwan reported Thursday, citing Economy Minister Kung Ming-hsin.He said about 20 firms, including GlobalWafers (TWO:6488) and Foxconn (TPE:2317), have signaled US expansion plans, excluding TSMC, which has already committed NT$5.17 trillion separately.Kung also said progress is being made on a double taxation relief bill, while CPC Corp advanced its energy cooperation through a 25-year LNG deal with US LNG firm, Cheniere, 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.)