PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Powerchip Semiconductor (6770 TT) raised DRAM prices by 45% this month, Nasdaq 100 led the advances on Wall St as tech and communications outperformed, while soft CPI data unwould rate hike bets

TAIWAN

Delta Electronics (2308 TT) - Co. signed an MOU with X LABS to provide energy-as-a-service for AI data centres, targeting an initial deployment of 100MW of solid-state transformers before scaling to gigawatt-level capacity. (Newswires)

Formosa Plastics (1301 TT) - Co. plans to raise wages by 4.5%, exceeding union demands. (Focus Taiwan)

Powerchip Semiconductor Manufacturing (6770 TT) - Co. raised DRAM prices by 45% this month and expects structural supply shortages to persist into next year, while also increasing power-management and display-driver chip prices by 10-15%. (Taipei Times)

United Microelectronics (2303 TT) - Co. began mass production of silicon photonics wafers at its 12-inch wafer fab in Singapore. (Taipei Times)

Tech – Nasdaq 100 led the advances on Wall St as tech and communications outperformed, with broad sentiment underpinned as Fed rate hike bets were unwound following softer-than-expected CPI data.

SINGAPORE

Addvalue Technologies (ADDV SP) - Co. engaged legal counsel and a US auditor as it prepares for a potential Nasdaq spinoff listing of Addvalue Solutions and plans to seek shareholder approval at an extraordinary general meeting. (Business Times)

Coliwoo (COLIWOO SP) - Co. will open the 380-room Coliwoo Resort Changi next month, its first resort-style co-living hotel and third-largest property. (Business Times)

Elite UK REIT (ELITE SP) - Co.’s manager received in-principle SGX approval to list new units as part of the funding for its GBP 31.9mln acquisition of five UK government-leased properties. (Business Times)

Foundation Healthcare (FHH SP) - Co.’s stabilising manager UBS purchased 850k shares at SGD 0.705-0.715/shr, following the acquisition of 4.5mln shares on 9 July. (Business Times)