PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Taiwan is said to be mulling curbs on AI chip exports to China to align with the US
TAIWAN
Gigabyte Technology (2376 TT) - Co. expects strong order visibility for its AI servers to extend to next year as major customers begin planning new spending. (Taipei Times)
Hon Hai Precision Industry (2317 TT) - Co. established a partnership with Brookfield Asset Management to make renewable energy investments in Vietnam. (Taipei Times)
Tech - Taiwan is said to be mulling curbs on AI chip exports to China to align with the US, according to Bloomberg. Potential rules could restrict sales above a processing threshold and affect Nvidia (NVDA) AI servers. Furthermore, Taiwan previously blacklisted Huawei and SMIC, while recent cases involved alleged chip smuggling and trade-secret theft linked to TSMC (2330 TT). (Newswires)
Data Recap
- Taiwan Balance of Trade (May) 17.9B vs. Exp. 15.2B (Prev. 14.4B)
- Taiwan Exports YY (May) 51.7% vs. Exp. 37.9% (Prev. 39.0%)
- Taiwan Imports YY (May) 54.9% vs. Exp. 37.4% (Prev. 29.2%)
SINGAPORE
Singapore Post (SPOST SP) - Co. will roll out islandwide mail and small parcel pick-up from HDB and condo letterboxes. (Straits Times)