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EQUITIES: Nvidia To Establish Headquarters In Taiwan, Semiconductor Stocks Surge

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Nvidia is planning to establish overseas headquarters in Taipei, Taiwan, requiring 3 hectares of land, with local government support to facilitate the process, according to the Commercial Times. CEO Jensen Huang previously announced plans to boost investment in Taiwan by building a major R&D center and hiring at least 1,000 engineers over the next five years.

  • Taiwan equities have benefitted from these headlines, with the TAIEX trading 2.50% higher. The large semiconductor stocks in the region have surged higher today with TSMC now trading 3.90% higher, while Hon Hai is up 3%.
  • The Philadelphia SE Semiconductor Index closed 1.46% higher on Friday, while the BBG Asia Pac Semiconductor Index is trading 3.45% higher today.
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Nvidia is planning to establish overseas headquarters in Taipei, Taiwan, requiring 3 hectares of land, with local government support to facilitate the process, according to the Commercial Times. CEO Jensen Huang previously announced plans to boost investment in Taiwan by building a major R&D center and hiring at least 1,000 engineers over the next five years.

  • Taiwan equities have benefitted from these headlines, with the TAIEX trading 2.50% higher. The large semiconductor stocks in the region have surged higher today with TSMC now trading 3.90% higher, while Hon Hai is up 3%.
  • The Philadelphia SE Semiconductor Index closed 1.46% higher on Friday, while the BBG Asia Pac Semiconductor Index is trading 3.45% higher today.