PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: ASE Technology (3711 TT) raised its FY capital expenditure budget by 23.5% to USD 10.5bln from USD 8.5bln amid strong demand for AI applications, Nasdaq 100 finished higher on Friday, although tech weighs on Asia
Newsquawk Staff ·
TAIWAN
ASE Technology Holding (3711 TT) - Co. raised its FY capital expenditure budget by 23.5% to USD 10.5bln from USD 8.5bln amid strong demand for AI applications. (Taipei Times)
Hon Hai Precision Industry (2317 TT) - Co.’s Visionbay.ai subsidiary began commercial operations at a 5MW AI cluster using NVIDIA HGX B300 systems, with more than 90% of capacity already utilised. (Taipei Times)
Lite-On Technology (2301 TT) - Co. Q2 (TWD) net rose 126% Y/Y to 7.12bln, revenue rose 30.38% Y/Y to 52.7bln; Co. expects sequential revenue growth in Q3 and Q4, supported by shipments of advanced power-management solutions for AI infrastructure. (Taipei Times)
Tech – Nasdaq 100 finished higher on Friday amid double-digit percentage surge in Amazon shares, while futures are underpinned after Trump cancelled strikes on Iran, although Asia-Pac stocks are pressured overnight. (Newswires)
MediaTek (2454 TT) - Co. aims to capture up to 20% of the serviceable market for customised AI accelerators next year as it expands into AI data centres. (Taipei Times)
SINGAPORE
OUE (OUE SP) - Co. expects to swing to a H1 loss, citing losses from Gemdale Properties and Investment as weakness in China's real estate market weighed on its performance. (Dow Jones Newsplus)
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