TSMC Earnings Call, New Youth Housing 3.0 Launch, Taiwan Stock Market Plunges 2,953 Points: Weekly Recap

TSMC (2330-TW) held its earnings call on Thursday (16th), significantly raising its capital expenditure to between $60 billion and $64 billion. The Executive Yuan approved the New Youth Housing 3.0 plan on the same day, announcing its implementation starting August 1. The Taiwan stock market plunged 2,953.71 points on Friday (17th), marking the largest single-day drop in history. The weekly decline of 2,683 points also set a new record. Below is a recap of the week's major events.

TSMC Earnings Call: Full-Year Outlook Revised Upward Twice, U.S. Investment Expanded – Nine Key Points Explained

TSMC (2330-TW)(TSM-US) held its earnings call on Thursday (16th). Q2 EPS reached a record high of NT$27.25, with first-half profits nearly reaching five times its share capital. Third-quarter U.S. dollar revenue is expected to increase by a median of 12%. Capital expenditure has been significantly raised to $60–64 billion, and U.S. investment has been increased by an additional $100 billion, bringing total U.S. investment to $265 billion.

New Youth Housing 3.0 Key Points: Five Updated Conditions, Marriage and Child-Rearing Families Eligible for Up to NT$15 Million in Loans

The Executive Yuan has approved the New Youth Housing 3.0 plan. During Thursday’s (16th) meeting, it was confirmed that the plan will be officially implemented starting August 1, 2026, focusing on four pillars: reducing financial burden, supporting happy marriage and child-rearing, precise targeting, and improved mechanisms. Building on the existing framework, new restrictions have been added for borrower age, annual income, and property price caps. Loan amounts for marriage and child-rearing families have been significantly increased. Inter-ministerial coordination will strengthen post-loan management to ensure self-occupancy and improve resource allocation accuracy.

Taiwan Stock Market Crashes 2,953 Points – Worst Drop in History! Mass Sell-Off Breaches Quarterly Line and 43,000 Threshold

Following TSMC’s earnings call, which lacked surprises, the market reacted with disappointment-driven selling. On Friday (17th), the Taiwan stock market opened lower and continued to decline, closing at its lowest point of 42,671.27, a massive drop of 2,953.71 points—the largest single-day decline in history. The 6.47% plunge decisively broke below the quarterly moving average, with trading volume surging to NT$1.2 trillion. The weekly chart showed two consecutive red candles, with a weekly drop of 2,683 points, also a record for the largest weekly decline.

Asia Biotech Expo: Premier Cho: Biotech Industry to Focus on Three Areas, Targeting Over NT$100 Billion in Private Investment by 2030

The opening ceremony of the Asia Biotech Conference was held on Thursday (16th). Premier Cho Jung-tai stated that the Executive Yuan has included the biotech and medical industry among the nation’s 13 key strategic industries. The focus will be on three development directions: AI integration, data consolidation, and pharmaceutical resilience, with a goal of attracting over NT$100 billion in new private investment by 2030.

Best First Half in History! 13 Financial Holdings Earn NT$440.8 Billion – Banks, Insurers, and Brokers All Thriving

All 13 listed financial holdings have released their self-reported June 2026 earnings. Benefiting from active Taiwan stock market trading, with daily average volumes consistently exceeding NT$1 trillion, and major life insurers realizing stock gains at peak levels, the 13 listed financial holdings earned approximately NT$73.5 billion in the month. Although slightly down from the previous month, cumulative first-half profits surged to NT$440.875 billion, doubling year-on-year. This not only breaks the historical record for the same period but also means several financial holdings earned more in half a year than their full-year profits last year. Cathay Financial Holdings topped monthly profits, while Fubon Financial maintained its dual crown in cumulative profits and EPS.

Sindoh to Acquire 51% Stake in GiantWave Technology for NT$1.7 Billion – Closing Expected in August

Sindoh (3491-TW) held a major information briefing on Wednesday (15th). The board resolved to acquire a 51% stake in GiantWave Technology for up to NT$1.7 billion. This move is expected to strengthen the company’s product portfolio, technical capabilities, and customer reach in the low-orbit satellite and millimeter-wave communications markets. The transaction is expected to close in August.

Cathay United Bank’s New Chairman: Chen Tsu-pai Outlines Three Priorities – Internal Control, Risk Management, and Customer Trust – Vows to Lead Bank to Industry Leadership

Cathay Financial Holding (2882-TW) announced on Friday (17th) that veteran executive Chen Tsu-pai, aged 84, will resume his role as Chairman of Cathay United Bank. In a media interview, Chen reaffirmed the core value that “banks are public utilities,” and emphasized that he will focus entirely on three priorities: strengthening internal controls, enforcing strict risk management, and earning customer trust. He stressed that the business strategy will continue to balance corporate finance, consumer finance, and wealth management, and will follow the holding company’s plan to bring in external consultants for a comprehensive system review, leading Cathay United Bank steadily toward industry leadership.