Taiwan Stocks Turn Volatile After Early Gain of Over 600 Points
Taiwan stocks continued their rebound on the 11th, rising over 600 points in early trading to retake the 43000 mark, before selling pressure emerged and the index briefly turned negative intraday in a volatile session. Funds continued to flow into PCB, glass-fiber cloth and semiconductor supply chains, with multiple stocks surging to limit-up intraday, including optics stock Genius Electronic Optical3406 and silicon IP stock Global Unichip3443. On the currency front, the NT dollar fell to 32.968 against the US dollar in the morning before reversing from lower to higher, reaching 32.84 at 12 noon, up 2.5 cents or 0.08%, with an intraday high of 32.83.
PCB and Glass-Fiber Cloth Stage Broad Rebound as Tripod Technology Earns Over One Share Capital in a Quarter for First Time
Among today's strong groups, the PCB supply chain staged a broad rebound from upstream glass-fiber cloth, copper-clad laminates and flexible-board materials to board manufacturing, with at least 10 related stocks hitting limit-up intraday. Tripod Technology3044, WUS Printed Circuit2316, Jingguo6108, Dynamic Holding3715, Unitech PCB8213, Taiding-KY4927 and Lusheng3354 hit limit-up in succession. Glass-fiber cloth and upstream material stocks Taiwan Glass1802, Fulltech Fiber Glass1815 and Dehong5475 also hit limit-up at one point, reaching 76.7, 140.5 and 204 respectively. Other PCB-related stocks also drew strong buying, with Zhen Ding Technology4958 and Gold Circuit Electronics2368 up over 7% intraday, ITEQ6213 and Elite Material2383 also rising, while Nan Ya Plastics1303 topped the 300 mark, showing buying spreading from PCB manufacturing to the upstream electronic materials and equipment supply chain.
On fundamentals, Tripod Technology posted third-quarter EPS of 11.94, earning over one share capital in a single quarter for the first time, with cumulative EPS of 24.96 for the first three quarters. WUS Printed Circuit reported October revenue of 5.02 billion, up 38.5% year-on-year. Upstream material stocks also performed strongly, with Nan Ya Plastics October revenue reaching 349.42 billion, up 64.6% year-on-year to a 55-month high, Taiwan Glass revenue at 55.66 billion, up 56.5% year-on-year, and Fulltech Fiber Glass at 10.49 billion, up 85.6% year-on-year, reflecting expectations for high-end glass-fiber cloth and electronic materials demand. PCB equipment maker Daliang3167 benefited from demand for AI-server high-end boards and thick-board drilling and back-drilling equipment, with October revenue reaching 13.71 billion, up 5.09% month-on-month and 174.91% year-on-year to a record monthly high, and cumulative revenue of 98.48 billion for the first 10 months, up 144.5% year-on-year. In addition, Dynamic Holding said at its recent investor conference that 20-layer-plus AI-server high-end boards have begun mass production, with shipments and revenue recognition expected as early as December.
Semiconductor Testing and Silicon IP Take Over as Genius Electronic Optical Expands Into Silicon Photonics
Beyond the PCB group, high-priced stocks have also become a market focus. ASIC and silicon IP stock Global Unichip3443 reported October revenue of 84.33 billion, up 18.02% month-on-month and 126.96% year-on-year to a record monthly high, mainly driven by higher wafer-product revenue. The semiconductor test-interface group was also strong, with CHPT6510 and MPI6223 both hitting limit-up intraday to 3060 and 4480 respectively, while WinWay6515 also climbed to 4090. On revenue, CHPT October revenue was 7.02 billion, up 7.71% month-on-month and 72.71% year-on-year, topping 7 billion for the first time to a new monthly record, MPI revenue was 22.32 billion, up about 8.98% month-on-month and 92.73% year-on-year, and WinWay revenue was 11.07 billion, down 11.51% month-on-month but still up 62.62% year-on-year, showing continued strong demand for high-end chip testing driven by AI and HPC.
Optical lens maker Genius Electronic Optical3406 also attracted buying. Although October revenue was 21.26 billion, down 20.41% month-on-month and 5.78% year-on-year, mainly due to China's National Day holiday and delayed launches by some customers, cumulative revenue for the first 10 months still reached 217.63 billion, up 8.34% year-on-year. In addition, the company is actively expanding into CPO and silicon photonics, entering key components such as MT ferrules, V-grooves and prisms, with some products already in small-volume pilot production and customer validation, expected to ramp gradually from 2027 to 2028 as a new growth driver watched by the market.