Gate News: Latest Crypto News and Cryptocurrency Prices

08:13

Affected by tariffs, Hon Hai's sales rise slowed down in July.

Jin10 data reported on August 5, that Nvidia's main server assembly partner Hon Hai Precision's sales growth in July slowed compared to previous months, indicating that uncertainty caused by tariffs is affecting the demand for electronic products. The company's sales in July increased by 7.25%, reaching NT$613.8 billion (US$20.5 billion), marking the lowest growth rate since January of this year. Analysts expect revenue to grow by 12.2% in the third quarter. Hon Hai Precision previously stated that it expects sales in the third quarter to achieve both quarter-on-quarter and year-on-year growth.

01:53

The selling pressure of the US dollar surged like a tsunami, causing the New Taiwan dollar to soar 4.5% against the US dollar.

On May 5th, Jin10 reported that the New Taiwan Dollar surged again against the US Dollar on Monday, rising over 1.39 NT dollars, a big pump of 4.5%. Forex traders noted that the market's expectation for appreciation is too strong, with a lack of buying for US Dollars, making it difficult to sell (US Dollars). A trader from a medium-sized commercial bank stated, "No one is answering the phone at the Taipei forex center; I only managed to sell one, and I've already incurred a loss of over one million (NT dollars)!" This trader pointed out that it's impossible to predict when this appreciation trend of the New Taiwan Dollar will end, "It depends on when the monetary policy authorities decide to intervene!"

06:39

Largan Precision: Q1 revenue and operating profit both exceeded expectations.

Jin10 data reported on April 21, that Largan Precision's revenue for the first quarter was NT$14.58 billion, estimated at NT$13.51 billion; operating profit was NT$6.09 billion, estimated at NT$5.15 billion; earnings per share was NT$48.28, estimated at NT$38.07.

06:15

Taiwan's encryption platform Steaker has been sued for allegedly illegally raising 1.48 billion New Taiwan Dollars.

According to the Gate.io News bot, as reported by the United Daily News, the Taiwan encryption wealth management platform Steaker has been sued by the Taipei District Prosecutors Office for allegedly illegally raising approximately NT$1.48 billion over three years due to its launch of a Virtual Money investment scheme, against its founder Huang Weixuan and three others. Steaker then issued a statement emphasizing that it has never engaged in any illegal activities and expressed disappointment at the prosecution's charges. The statement pointed out that Virtual Money is not legal tender, and the platform only provides virtual asset allocation services without involving the receipt or exchange of legal currency.

06:06

The digital asset management platform Steaker is involved in illegally raising NT$1.48 billion, and the founder has been prosecuted.

PANews reported on April 12 that the digital asset management platform Steaker launched an investment scheme to attract public investment in Virtual Money, suspected of illegally raising approximately NT$1.48 billion over three years. The Taipei District Prosecutor's Office has indicted Steaker and four individuals including founder Huang Weixuan. In response, Steaker issued a statement clarifying that it has never engaged in any illegal activities, expressing deep disappointment regarding the prosecution by the authorities. It stated that digital assets are not legal tender but merely provide virtual asset allocation services, and it has not received any legal currency or provided exchange services, explaining the incident in the statement.

08:45

How much is the price of Honda Fit? Compare the price and performance features of the hybrid version.

The Honda Fit offers two versions, the HOME gasoline version and the e:HEV hybrid version, with prices of NT$759,000 and NT$829,000 respectively. The e:HEV version boasts excellent fuel efficiency and environmental performance, but slightly lags behind the HOME gasoline version in horsepower. Consumers can choose the most suitable version based on their individual needs and budget. Overall, the Honda Fit is renowned for its diversity, performance, and rich features, making it a leader in the small car market.

HOME-1.2%

06:53

ADATA: Revenue in August remained basically flat compared to the previous month, maintaining a positive outlook on the DRAM market.

ADATA's August consolidated revenue was NT$3.029 billion, up 1.95% YoY. The consolidated revenue for January to August was NT$26.993 billion, a 39.68% YoY rise. DRAM modules accounted for 51.35% of the total revenue, SSD accounted for 34.55%, and other products such as storage cards accounted for 14.1%. The third-quarter revenue is expected to remain stable, with good gross profit margin and operational performance.

01:05

Acer's combined revenue in the first half of this year was 125.97 billion New Taiwan dollars, a rise of 13.8% year-on-year.

On August 9th, Jinshi Data reported that Acer's Q2 2024 consolidated revenue was NT$67.138 billion, a rise of 15.2% YoY. Operating net profit was NT$1.468 billion, a QoQ rise of 87.9% and a YoY rise of 40.3%. Consolidated revenue for the first half of 2024 was NT$125.97 billion, a rise of 13.8% YoY.

09:48

JPMorgan stated in its latest report on April 27th that the highlights of TSMC's North American summit in 2024 include the launch of the A16 process node, the debut of advanced packaging technology SoW, and further innovation in silicon photonics technology. The report emphasized TSMC's leading position in the AI era and gave a "buy" rating with a target price of NT$900.

08:50

Animoca Brands announced a strategic partnership with entertainment and arts IP company T&B Media Global, and the two sides will first cross-promote from Animoca Brands' NFT series Mocanese and T&B's NT series Mittaria. In addition, the two companies will promote the global adoption of LightLink, a scalable network built on ETH, as well as digital property rights.

ETH-2.57%

13:05

According to CaiLian News, Everbright Securities released a research report that on October 19, TSMC released 23 Q3 results, and the 23 Q3 company achieved operating income of NT$546.73 billion, higher than the consensus market expectation of NT$537.34 billion, down 10.8% year-on-year and up 13.7% month-on-month. The bank believes that the company's customer destocking continues to 4 Q23, and consumer electronics is expected to return to healthy growth in 24 years, in addition, considering the continued strong demand for AI chips and the further expansion of CoWoS production capacity, the bank believes that there are long-term growth opportunities in the AI computing power industry chain.

08:12

Golden Finance reported that the Hong Kong Monetary Authority officially announced that Assistant Chief Executive (Currency Management) Chan Ka-chi has resigned from the Hong Kong Monetary Authority and will leave office on October 9, 2023. On the same day, he will join Hong Kong Investment Management Co., Ltd. as chief executive. With Chen Jiaqi's departure, the Hong Kong Monetary Authority also announced other personnel changes in senior management. Assistant President (Banking Policy) Stanley Ho will replace Chen Jiaqi, and Assistant President (Institutional Development and Operations) Chen Yi will succeed Peter Ho. In his "Policy Address" in October last year, Hong Kong Chief Executive Lee Ka-chiu announced that he would allocate NT$30 billion from the "Future Fund" to establish Hong Kong Investment Management Co., Ltd. (HKIC). The company is known as the "Hong Kong version of Temasek". The official website shows that HKIC will Combining the "Hong Kong Growth Portfolio" (HKD 22 billion), the "Greater Bay Area Investment Fund" (HKD 5 billion) and the "Strategic Science and Technology Innovation Fund" (HKD 5 billion), as well as the newly established fund to attract key enterprises to settle in Hong Kong The "Co-Investment Fund" (30 billion Hong Kong dollars) is under unified management, with a total scale of 62 billion Hong Kong dollars.

06:13

Golden Finance reported that Chen Jiaqi, assistant president (monetary management) of the Hong Kong Monetary Authority, will serve as the first chief executive of Hong Kong Investment Management Co., Ltd. (HKIC), the "Hong Kong version of Temasek". The appointment is expected to be announced in the next few weeks. Reports indicate that Chen Jiaqi will lead eight general partners to make strategic investments in areas such as technology, healthcare, logistics and supply chain management, financial services and consumer goods. Hong Kong Chief Executive Lee Ka-chiu announced in his "Policy Address" in October last year that NT$30 billion would be allocated from the "Future Fund" to establish the Hong Kong Investment Management Co., Ltd. with the aim of introducing funds and investors to settle in Hong Kong enterprises. It was announced by Financial Secretary Paul Chan Mo-po Serve as Chairman.

09:49

Wistron’s revenue in July decreased by 15.02% year-on-year, the company said that the demand for AI servers is strong

Wistron, a server and laptop foundry, announced that revenue in July was NT$67.719 billion, down 16.49% month-on-month and down 15.02% year-on-year; cumulative revenue from January to July was NT$486.272 billion, down 11.64% year-on-year. The company said that although the second half of the year is still in the stage of inventory adjustment, the demand for AI servers is strong, and the market growth next year is expected.

12:19

According to the "Kechuang Board Daily" report on August 8, Wistron, a server and notebook foundry, announced that its revenue in July was NT$67.719 billion, a decrease of 16.49% month-on-month and a decrease of 15.02% year-on-year; the cumulative revenue from January to July was 486.272 billion. billion NT dollars, a year-on-year decrease of 11.64%. The company said that although the second half of the year is still in the stage of inventory adjustment, the demand for AI servers is strong, and the market growth next year is expected.

06:20

According to news from IT House on July 25, TSMC officially confirmed today that it will spend NT$90 billion (approximately RMB 20.61 billion) to build an advanced packaging plant in Tongluo Township, Miaoli County, in response to the demand for advanced packaging such as AI chip CoWoS by Nvidia, AMD and other manufacturers. TSMC said this morning that the Hsinchu Science Park Authority has agreed to allocate 7 hectares of land. It is scheduled to complete the construction of the factory by the end of 2026 and mass production in the third quarter of 2027. This will be TSMC's sixth packaging production base after Longtan, Zhunan, and Nanke.