PRE-MARKET TAIWAN AND SINGAPOREAN STOCK NEWS: Taiwan closed due to typhoon

AU Optronics (2409 TT) - Co. reports June revenue of TWD 24.95bln (prev. 21.92bln Y/Y). (AU Optronics)

GlobalWafers (6488 TT), Micron (MU) - Micron announces plans to invest up to USD 3bln to strengthen the US Semiconductor supply chain. As part of the investment, Micron will provide USD 500mln strategic financing to GlobalWafers for the Texas facility. Cos will enter a 10-year raw silicon wafer supply agreement. (Micron)

Kinpo Electronics (2312 TT) - Co. reports June revenue of TWD 14.86bln (prev. 11.19bln Y/Y). (Kinpo Electronics)

Largan Precision (3008 TT) - Co. reported flat Q2 gross margin growth and guided Q3 margin outlook as dependent on yields of its new products. (Taipei Times) 

Micro Star International (2377 TT) - Co. reports June revenue of TWD 17.76bln (prev. 19.56bln Y/Y). (Micro Star International)

Nasdaq - The tech-heavy Nasdaq outperformed on Thursday, with the Philadelphia Semiconductor Index (SOX) printing gains of 3%. Micron announced plans to increase spending on new plants in the US to USD 250bln to help meet demand, showing signs that the AI investment boom remains intact. 

TSMC (2330 TT) - Co. says it will move its June sales data release to Monday from Friday due to the typhoon. (TSMC)

WT Microelectronics (3036 TT) - Co. reports June revenue of TWD 181.75bln (prev. 63.09bln Y/Y). (WT Microelectronics)

Yulon Motor (2201 TT) - Co. reports June revenue of TWD 5.92bln (prev. 6.44bln Y/Y). (Yulon Motor)

• Taiwan Balance of Trade (Jun) 12.20B (Prev. 17.91B); Exports YoY 40.3% (Prev. 51.7%); Imports YoY 51.80% (Prev. 54.9%).
• Taiwan’s Ministry of Economic Affairs says it expects to help over 20k companies adopt AI technology by 2028. 

Temasek (TMSK SP) - Co.’s CIO says it will keep 25% of its portfolio in liquid assets to ride through shocks and pivot with changing trends including AI. (Reuters)