TAIPEI (Taiwan News) — Taiwan's stock market rose Wednesday as Nvidia CEO Jensen Huang’s (黃仁勳) appearance at Computex Taipei drew attention to Nvidia-related shares.The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, gained 277.88 points to close at 21,803.91. Turnover totaled NT$297 billion (US$9.9 billion), according to CNA and CTEE.TSMC rose 1.23% to finish at NT$990. MediaTek gained 1.9% to NT$1,340, and Foxconn added 0.65% to close at NT$155.Taiwanese silicon carbide suppliers advanced following reports that US-based Wolfspeed may be considering bankruptcy. The news prompted increased interest in local SiC companies, including Episil Technologies, Episil-Precision, and Mosel Vitelic, which all reached their daily trading limits.SiC is made up of tightly bonded silicon and carbon atoms, creating a stable material with low energy loss and high power handling capabilities. This makes SiC ideal for high-voltage and high-current applications, including electric vehicles, EV charging stations, and renewable energy generation systemsSolar and optoelectronics stocks also rose as the US prepares to issue a final decision in June on proposed tariffs targeting imports from four Southeast Asian countries. At the same time, China has launched a restructuring effort to address overcapacity in its domestic solar sector.Investors viewed the developments as potentially favorable for Taiwanese firms in the sector. United Renewable Energy, Tainergy Tech, TSEC, Cheng Tian Photoelectric Technology, Hunt Electronic, Motech Industries, and Appro Photoelectron reached their daily limits.Financial stocks rose after Huang featured Cathay Financial, CTBC Financial, and E.Sun Financial during his keynote presentation. Cathay increased by over 3%, and CTBC recorded a trading volume of more than 130,000 shares.US-based foreign institutional investors maintained a positive outlook on Taiwan’s printed circuit board industry. Elite Material closed 6.51% higher at NT$720, while Gold Circuit Electronics reached its daily limit on strong trading activity.A PCB is carefully crafted through intricate copper wiring to connect components. It is also called the “mother of all electronic devices” as it forms the foundation for most electronic circuits and components.Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) said the gains were supported by short-term interest related to Computex and renewed buying by foreign investors. Huang added that while technology stocks outperformed expectations, future upside may be limited.Computex 2025 is being held at the Taipei Nangang Exhibition Center under the theme “AI Next.” The event features 1,400 exhibitors, highlighting advances in AI computing, smart mobility, advanced connectivity, and sustainable technologyHuang also said investors should monitor market conditions as prices approach previous highs. He pointed to ongoing uncertainty surrounding international tariffs and domestic semiconductor policy as factors that could lead to market consolidation.May. 22, 2025 08:57Charlotte LeeTaiwan News, Staff Writer (ICE TAIPEI)

Fonte notizia: Organi di Stampa - Taiwan News