TIP launches electronics index

Focus Taiwan
Date: 2016/12/30
By: Tien Yu-pin and Frances Huang

Taipei, Dec. 30 (CNA) Taiwan Index Plus Corp. (TIP, 台灣指數公司), an index provider owned by the Taiwan Stock Exchange, has unveiled a new index featuring the country’s major high-tech stocks, in a bid to provide a new option to investors interested in the local electronics sector.

The newly launched TIP TAIEX+ IT Elite 30 Index (TIP ITE 30) comprises 30 electronics heavyweights and will serve as an indication of the strength of Taiwan’s high-tech industry, the TIP said.

Among the top 10 constituents of the TIP ITE 30 index in terms of market capitalization, Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world’s largest contract chip maker, was at the top, followed by telecom services provider Chunghwa Telecom Co. (中華電), integrated circuit designer MediaTek Inc. (聯發科), power management solution provider Delta Electronics Inc. (台達電) and telecom operator Taiwan Mobile Co. (台灣大).

The other five stocks were smartphone camera lens maker Largan Precision Co. (大立光), telecom services provider Far EasTone Telecommunications Co. (遠傳), metal casing supplier Catcher Technology Co. (可成), IC packaging and testing firm Siliconware Precision Industries Co. (矽品) and Industrial computer maker Advantech Co. (研華), in that order.    [FULL  STORY]

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