Taiwan’s TAIEX extended its rally on the 22nd, opening at 47,981.04 points and briefly moving above 48,000 before standing at 47,908.18 by 12:20 p.m., up 189.34 points. Semiconductor and panel stocks led trading, with MediaTek and AUO drawing the strongest attention. MediaTek launched its Dimensity CX personal computing platform, led by the Dimensity CX C10 Max system-on-chip (integrated processor and circuitry), built on Taiwan Semiconductor Manufacturing’s 3nm process. The chip includes an 8-core all-big-core CPU, an 11-core GPU and a neural processing unit (AI acceleration processor) capable of up to 55 trillion operations per second. MediaTek shares reached NT$5,275, up NT$265, or 5.29%, with turnover of NT$46.844 billion, approximately $1.5 billion. The stock had risen 6.37% the previous day to NT$5,010 after reaching NT$5,035, setting records for both the close and intraday high, while its market capitalization exceeded NT$8 trillion, or approximately $252.6 billion. Foreign investors have bought MediaTek for four straight sessions, accumulating more than 3,157 lots. Analysts identified its entry into Google’s TPU supply chain and the growth outlook for AI application-specific integrated circuits as key drivers of recent capital inflows. AUO rose 9.90% to NT$36.65, its highest level since May 2010, after reports of collaboration interest from Intel and possible talks for TSMC to acquire AUO’s fifth-generation and 7.5-generation fabs at Central Taiwan Science Park. The potential cooperation remains market speculation and has not been confirmed by either company. AUO traded 870,000 lots and recorded turnover of NT$31.673 billion, approximately $1.0 billion, while the company has sold three fabs this year for an estimated NT$34.7 billion, or approximately $1.1 billion. The broader market was supported by strong semiconductor performance overseas and buying in packaging, testing and PCB stocks, although memory shares weakened. Foreign investors, investment trusts and proprietary traders jointly bought NT$47.037 billion of Taiwanese stocks the previous day. Analysts said reduced short positions in TAIEX futures, a weaker U.S. dollar and potential valuation based on TSMC’s 2027 estimated earnings could support foreign demand. The TAIEX is expected to find support at 45,000 points and may challenge 50,000, although three successive weeks with only four trading days could reduce weekly volume.