TAIPEI (TVBS News) — Taiwan Stock Exchange (TWSE) reached unprecedented heights on Wednesday (Oct. 29), driven by the NVIDIA GTC conference in Washington, D.C. Taiwan Semiconductor Manufacturing (TSMC, 台積電) led the electronic sector's surge, pushing the index to an intraday peak of 28,395.31 points. The market closed at a record 28,294.74 points, up 345.63 points or 1.24%, with a trading volume of NT$578.009 billion.
TSMC saw its shares hit a new high of NT$1,515 before closing at NT$1,505, a 2.03% increase. Hon Hai Precision Industry Co., Ltd., (Foxconn, 鴻海) also experienced growth, with its stock rising 4% to NT$260. NVIDIA's CEO Jensen Huang (黃仁勳) expressed gratitude to Taiwanese companies, including TSMC, Foxconn, and ASE Technology Holding Co (日月光), for meeting NVIDIA's substantial demand. The new Grace Blackwell system's cumulative orders reached $500 billion, surpassing market expectations.
Foxconn announced a collaboration with NVIDIA, Stellantis, and Uber, as Chairman Young Liu (劉揚偉) attended the GTC conference. The event showcased the latest AI infrastructure, NVIDIA GB300 NVL72 and unveiled smart manufacturing technologies in U.S. facilities. Foxconn has expanded its investments over the past year to meet growing demand for AI servers and plans further expansions in Texas, Wisconsin, and California. Liu emphasized that these efforts will help top clients lead in AI competition, highlighting Taiwan's crucial role in the global AI supply chain.