Taiwan Stock Market Pre-Market News: Pullback Holds Key MA, New Million-Dollar Stocks Emerge, Winbond Launches Module B Expansion Plan

August 7 Taiwan Stock Market Pre-Market News

1. On August 6, the Taiwan stock market declined as major electronics stocks weakened. The weighted index closed at 44,396.7 points, down 214.9 points (0.48%), with total trading volume shrinking to NT$969.47 billion. Institutional investors collectively bought NT$4.56 billion worth of shares. Foreign investors’ net buying dropped sharply from NT$9.03 billion the previous day to just NT$200 million. Yuanta Taiwan 50 Reverse 1 (00632R-TW) and Powerchip Semiconductor (6770-TW) were the top two foreign-buying targets.

2. Memory manufacturer Winbond (2344-TW) held its earnings call on August 6. CEO Chen Pei-ming stated that memory supply remains tight, with multiple clients seeking long-term contracts extending to 2029 or even 2030, and requesting early allocation of capacity at the new Module B facility in Kaohsiung. In response to sustained demand, the company has officially launched the Module B expansion project, scheduled to break ground in January 2027, begin equipment installation in 2029, and achieve mass production by late 2029 at the earliest.

3. Leading memory module maker ADATA (3260-TW) held its earnings briefing on August 6 and released July revenue. Consolidated monthly revenue hit a record NT$18.38 billion, up 25.4% month-on-month and 331.3% year-on-year—the fifth consecutive monthly record high. The company noted that DRAM and NAND Flash prices continue to rise, channel inventories have returned to healthy levels, and customer procurement momentum is strengthening. It expects Q3 revenue to surpass Q2, with operations continuing to climb.

4. Server rail manufacturer Powerlogic (2059-TW) released its Q2 financial results on August 6. Both gross and operating margins reached record highs. Net profit after tax reached NT$7.09 billion, up 103.3% quarter-on-quarter and 1,054.2% year-on-year. Earnings per share (EPS) stood at NT$74.38, also a historical high. Powerlogic’s stock price surged today, closing at NT$10,100—a gain of about 6.6%—setting a new all-time high and becoming Taiwan’s third million-dollar stock, with 644 shares traded.

5. The U.S. proposal to impose a 15% tariff on polysilicon has drawn market attention. On August 6, Taiwan’s Industrial Development Bureau (IDB) under the Ministry of Economic Affairs issued a clarification with two key points: First, the U.S. measures primarily target solar-grade silicon wafers, cells, and modules—not semiconductor chips. The U.S. has not yet formally announced the tariff codes, so final details await official publication. Second, the government will assist local firms in expanding into Japanese and Southeast Asian markets and support the development of niche products such as high-efficiency N-type solar cells and building-integrated photovoltaics (BIPV), enhancing industry competitiveness and resilience.

6. Taiwan’s Directorate-General of Budget, Accounting and Statistics (DGBAS) released the July 2024 consumer price index (CPI) on August 6. July CPI rose 2.54% year-on-year—slightly lower than June but marking the third consecutive month above the 2% inflation warning threshold. DGBAS attributed the persistent inflation pressure to typhoon-induced spikes in fruit and vegetable prices, rising tour package fees and airfares during peak summer travel season, and continued increases in dining-out and rental costs. Core CPI, excluding fresh food and energy, rose 2.38% year-on-year. The average increase over the first seven months was 1.81%, indicating that domestic inflation remains stubbornly high.