Taiwan’s stock market on Wednesday (Dec. 4) witnessed robust performance in the silicon photonics, Nintendo-related, and battery backup unit concept sectors, spearheaded by TSMC.
The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) was up 227.87 points at 23255.33. Turnover totaled NT$357.79 billion (US$11 billion), per CNA.
The electronics sector rallied 1.52%. The financial, plastics, and construction sectors declined by 0.18%, 1.5%, and 0.32%, respectively.
TSMC gained 1.42% to close at NT$1070, Foxconn rose 2.29% to NT$201, and MediaTek added 0.38% to finish at NT$1320.
US networking and communications company Marvell’s promising fourth quarter outlook and expanded focus on AI chip development have driven growth in silicon photonics stocks. Pcl Technologies hit the daily limit at NT$143, while FitTech and Browave rose over 6% and 4%, respectively.
Speculation surrounding the launch of Nintendo’s new-generation Switch console next year has driven up shares of Taiwanese suppliers. Case manufacturer Foxconn Technology rose nearly 2% to hit NT$82, while game card memory supplier Macronix International surged over 6%, reaching NT$21.8.
The hype around market speculation that Nvidia’s upcoming B200 servers will include BBUs carried on, with battery module manufacturer Stl Technology hitting the daily limit at NT$71.1. DynaPack, Sysgration, and Advanced Energy Solution also saw increases.
A battery backup unit or BBU is a battery backup installed in servers to prevent data loss during power outages. The escalating power requirements of AI workloads are driving up the need for UPS systems and BBUs, presenting a promising outlook for BBU markets.–TAIWAN NEWS
