News Snapshot:
Chipmaker share prices continue to rally in Asia, as earnings season suggests the brief lull in the sector may be rectifying. The correction of overstocking in memory chips may give manufacturers better control over prices, while the pessimism over consumer-electronics sales appears overdone. The world’s largest chip foundry, Taiwan Semiconductor Manufacturing Corp. (TSM) and TW:2330, moved ahead 4.7% in Taipei trade on Wednesday ahead of earnings for the company on Thursday. That leaves it looking at an 8.0% advance in the last week. TSMC, the largest contract chipmaker globally, is by far the biggest company listed in Taipei. Its move...
