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TSX:6770.TW 26 January 2026

Powerchip Semiconductor stock jumps in Taipei as Micron fab deal and GDR plan keep PSMC in focus

Powerchip Semiconductor stock jumps in Taipei as Micron fab deal and GDR plan keep PSMC in focus

Powerchip Semiconductor shares rose 2.9% to T$60.2 in Taipei after news of its planned US$1.8 billion Tongluo plant sale to Micron. The board approved a GDR offering of up to 420 million shares, with a shareholder vote set for April 10. Micron aims to close the deal by Q2 2026 and expand the site for DRAM output by late 2027. Investors remain cautious amid dilution risk and pending regulatory review.
26 January 2026
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Stock Market Today

  • Silicon Valley IPO Boom Widens Wealth Gap Among Tech Workers
    June 13, 2026, 8:44 AM EDT. The surge in initial public offerings (IPOs) from high-profile firms such as SpaceX, Anthropic, and OpenAI is reshaping wealth distribution in Silicon Valley. These listings have created new millionaires and billionaires, boosting fortunes at the top. However, not all tech workers benefit equally. While some employees gain significant wealth from stock options and shares during these IPOs, others face uncertainty and slower financial growth. This divide highlights the growing economic disparity within the tech sector as rapid valuations lift a select few, leaving many concerned about their financial futures amid the boom.

Latest articles

Oil stocks set for weekend as crude drops on Iran deal talk

Oil stocks set for weekend as crude drops on Iran deal talk

13 June 2026
Brent crude plunged 3.37% to $87.33 and WTI fell 3.23% to $84.88 Friday as hopes for a U.S.-Iran deal slashed oil’s geopolitical risk premium, but energy stocks like XLE closed nearly flat for the week, with investors awaiting confirmation of a memorandum and real oil flow changes through the Strait of Hormuz before making their next move.
AMD Upgrade, SK Hynix Nasdaq Plan Push AI Chip Makers Higher

AMD Upgrade, SK Hynix Nasdaq Plan Push AI Chip Makers Higher

13 June 2026
AMD soared 4.7% to $511.57 after Citi upgraded the stock to Buy and raised its price target to $575, citing AMD’s growing strength in AI GPUs and potential deals with Meta, while Nvidia was little changed and Broadcom slipped despite record AI revenue.
Big Tech Trades Lower With SpaceX IPO and Fed In Focus

Big Tech Trades Lower With SpaceX IPO and Fed In Focus

13 June 2026
Hedge funds dumped major tech stocks ahead of SpaceX’s record IPO, dragging the Magnificent Seven ETF down over 2.4% since June 5 even as the Nasdaq rose, as investors brace for the Fed’s June 16–17 meeting and updated rate projections.
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