PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) aims to hire 8,000 more employees this year to meet its expansion needs
TAIWAN
TSMC (2330 TT) - Co. said it aims to hire 8,000 more employees this year to meet its expansion needs. (Focus Taiwan)
Other News
Taiwan’s Premier Cho made the first visit by a Taiwanese Premier to Japan since 1972, in defiance of China, to watch a baseball game between Taiwan and the Czech Republic, while he paid for the visit himself. (Newswires)
Taiwan’s Foreign Minister Lin rejected comments by China’s Foreign Minister Wang Yi about Taiwan and criticised China as a “troublemaker” in the international community and a disruptor of cross-strait peace. (Focus Taiwan)
SINGAPORE
OKP Holdings (OKP SP) - Co. said it has secured a contract valued at about SGD 87.3mln from Singapore’s Land Transport Authority for commuter infrastructure works along the Jurong Region Line. (Business Times)
Sembcorp Industries (SCI SP) - Co. rebutted news reports claiming Iran’s strikes damaged its power and water plants in the UAE, saying there was no damage to its facilities. (Business Times)
TSMC's plan to hire 8,000 more employees signals strong confidence in its expansion strategy, which is crucial given the current competitive landscape in semiconductor manufacturing. This move could indicate increased production capabilities ahead, potentially enhancing revenue prospects and impacting the broader tech sector positively.