PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) unveiled a new generation of chip manufacturing technology, introduces A13 and N2U chip tech
TAIWAN
TSMC (2330 TT) - Co. unveiled a new generation of chip manufacturing technology, introduces A13 and N2U chip tech, leveraging existing ASML (ASML NA) EUV machines, while TSMC is to hold off on deploying the latest ASML Machines through 2029. (Newswires)
SINGAPORE
CapitaLand China Trust (CLCT SP) - Co. Q1 (CNY) net property income fell 3.5% Y/Y to 282.4mln due to the absence of contributions from divested CapitaMall Yuhuating. (Newswires)
City Developments (CIT SP) - Three independent directors linked to the Co.’s prior boardroom dispute have stepped down from the board of its hotel arm Millennium & Copthorne Hotels. (Newswires)
Keppel (KEP SP) - Co. reported slightly lower Q1 net profit Y/Y due to weaker real estate contributions, with overall profit also impacted by fair value losses and lower monetisation gains from non-core assets. (Newswires)
Oiltek (OTEK SP) - Co. said it will actively review its capital structure following shareholder queries on a potential stock split and noted its proposed Bursa Malaysia secondary listing is not due to limitations of its Singapore listing. (Newswires)
TSMC's unveiling of the A13 and N2U chip technologies signals a significant advancement in semiconductor manufacturing, reinforcing its leadership in the industry while strategically delaying the use of the latest ASML machines until 2029. This move not only highlights TSMC's ongoing investment in innovation but may also influence market dynamics in tech stocks, particularly affecting companies linked to semiconductor production like ASML and indirectly impacting equities in the broader Asian market. Keep an eye on how this announcement interacts with supply chains and competitor responses as it could shift investor focus in the tech sector.