Taiwan tech supply chain stocks bounce back after Trump tariff exemptions
Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China. Shares in Foxconn, Apple's largest iPhone assembler, gained around 4% in Monday morning trade, with contract laptop maker Quanta up 7% and Inventec - which also makes artificial intelligence servers - rising 4%. However, shares in TSMC, the world's largest contract chipmaker, slipped into the red having opened up, after U.S. President Donald Trump said he would he announcing a tariff rate on imported semiconductors over the next week, though added there would be flexibility on some companies in the sector.