TAIPEI, April 11 Taiwan stocks were flat on
Tuesday, with Hon Hai Precision Industry gaining after posting
first-quarter sales growth and following a report that it has
joined the fray to bid for Toshiba Corp's chip business.
The main TAIEX index was little changed at 9,879.65
points as of 0110 GMT, after closing at 9,882.54 in the previous
The electronics subindex edged down 0.1 percent,
while the financials subindex lost 0.2 percent.
Hon Hai, a major supplier to Apple Inc,
rose as much as 1.1 percent, after Bloomberg reported on Monday
that it may pay as much as $27 billion Toshiba's chip
South Korea's SK Hynix Inc and chipmaker
Broadcom Ltd have submitted preliminary bids for the
business, valued at $17.98 billion or more, according to the
The world's top contract chip maker Taiwan Semiconductor
Manufacturing Co (TSMC) rose as much as 0.5 percent
after reporting on Monday a 14.9 percent growth in first-quarter
sales. Hon Hai's first-quarter sales grew 2 percent.
The Taiwan dollar softened T$0.038 to T$30.690 per
(Reporting by Faith Hung; Editing by Amrutha Gayathri)