PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) board of directors approved a USD 44.96bln capital budget
TSMC's board has approved a significant USD 44.96 billion capital budget aimed at enhancing their technological capacity and constructing fabrication plants, which reflects a strong commitment to growth amid competitive pressures.
PRE-MARKET CHINESE STOCKS NEWS: SMIC (981 HK) prelim Q4 (USD) net rose 60.7% Y/Y to 172.8mln (exp. 170.3mln), rev. rose 12.8% Y/Y to 2.49bln
PBoC sets USD/CNY mid-point at 6.9438 vs exp. 6.9109 (Prev. 6.9458)
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) board of directors approved a USD 44.96bln capital budget
Tabcorp (TAH AT) CEO and Betmakers (BET) chair are said to be in high-level talks regarding a takeover of the latter
FT reports that Jimmy Ba will be the sixth member of the founding team to depart xAI
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TAIWAN
TSMC (2330 TT) - Co. board of directors approved a USD 44.96bln capital budget to bolster advanced and specialty technology capacity, upgrade advanced packaging, and fund fab construction. (Focus Taiwan)
Winbond Electronics (2344 TT) - Co. Q4 (TWD) net rose 479% Y/Y to TWD 3.42bln, Co. plans record capex of TWD 42.1bln this year vs. TWD 5.5bln last year. (Taipei Times)
SINGAPORE
CapitaLand Investment (CLI SP) - Co. FY25 (SGD) total PATMI fell 70% Y/Y to 145mln, oper. PATMI rose 6% Y/Y to 539mln, rev. fell 24% Y/Y to 2.1bln. (Straits Times)
Fraser and Neave (FNN SP) - Co. Q1 (SGD) net attributable fell 8.9% Y/Y to 47.4mln, rev. fell 4.1% Y/Y to 529.9mln. (Newswires)
This move is likely to bolster TSMC's position in the semiconductor market and could have positive spillover effects on related sectors and companies, especially given their influential role in global supply chains.
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