Aspeed Technology became the first stock in Taiwan market history to trade above NT$20,000, opening at the limit-up price of NT$21,800 on the 22nd. The move generated paper gains of NT$1.98 million, or about $62,000, for investors holding one lot, before the stock retreated from its limit-up level. At around 11:12 a.m., Aspeed traded at NT$21,305, up NT$1,485, or 7.49%, after surpassing its previous record high of NT$19,880. The stock had fallen to NT$11,880 during July's market rout but subsequently gained as much as 83.5% from that low to its new intraday peak. Taiwan's weighted index also reached a record intraday high of 48,601 points as semiconductor stocks rallied following gains on Wall Street ahead of the Trump-Xi meeting. Aspeed Chairman Lin Hong-Ming said the company's 2027 order backlog has exceeded this year's full-year revenue, while 2028 design wins are fully secured. Demand for its products has outpaced revenue growth because of capacity constraints, making production access the main operational variable. Revenue for the first eight months reached NT$10.168 billion, up 74.49% year over year, while August marked the 10th consecutive month of record revenue. Aspeed has begun passing higher raw-material costs on to customers and expects to secure additional capacity through a two-year agreement with ASE covering 2027 and 2028. Market observers will focus on whether the stock can sustain a level above NT$20,000.