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Memory Stocks Surge in Taiwan Market Rally; Winbond Chairman Warns of 2029 Industry Headwinds
Electronic Technology · Semiconductors · economic_daily · 2026-11-09
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Taiwan stocks rebounded sharply as memory chip manufacturers led the charge, with seven stocks hitting the daily limit. While foreign investors have begun bargain-hunting, industry leaders are cautioning that rising prices and future capital expenditure constraints could dampen long-term demand.
What Happened
Taiwan Market Rebound and Memory Sector Rally: Taiwan stocks staged a massive recovery, surging over 2,600 points as market sentiment improved. The memory chip sector emerged as a key leader, with seven stocks, including Winbond and PSMC, hitting the daily price ceiling.
Shift in Foreign Investor Sentiment: After heavy selling pressure last week, foreign investors have pivoted to buying back shares of major memory manufacturers. This shift in capital flow suggests that institutional investors are beginning to view the recent price correction as an attractive entry point.
AI Infrastructure and Supply Dynamics: Global market analysis indicates that the supply of memory chips remains tight, with major producers like Samsung and Micron seeing strong demand for AI-related infrastructure. As long as AI investment continues, the sector is expected to maintain its fundamental strength.
Long-term Industry Outlook and Risks: Winbond Chairman Chiao Yu-chun identified 2029 as a critical turning point due to potential constraints on power, land, and capital. He also warned that excessive price hikes in memory chips could squeeze margins for consumer electronics, potentially harming overall market demand.