Taiwan media: TSMCs stock price is rising like a rainbow, which will lead Taiwans stock market to challenge a new record

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 Taiwan media: TSMCs stock price is rising like a rainbow, which will lead Taiwans stock market to challenge a new record


TSMC ADR

As the chart shows, TSM ADR surged 9.69% to $73.9 on Friday. Intel CEO bobswan has previously said that in case of emergency, it will be ready to outsource some chip manufacturing and use other companies wafer factories.

TSMC shares are listed on the Taiwan Stock Exchange under the stock code of 2330. In addition, American depository receipts are listed on the New York Stock Exchange under the stock code TSM.

Taiwan media said that as TSMC ranked first among Taiwan stocks in terms of weight and closely linked with the market, TSMC (2330) closed at NT $386 last Friday, and the market index was 12304 points. Some commentators have said that TSMCs weight accounts for more than a quarter of the whole market. If all the ADR gains on Friday are reflected in todays opening, it may break through the historical high of 12682 set by Taiwan stocks 30 years ago.

TSMC, founded in 1987, is the worlds largest foundry semiconductor manufacturer with customers including apple, Qualcomm, etc. Its headquarters are located in the Hsinchu Science Industrial Park in Hsinchu, Taiwan.

Extended reading: how about iPhone 12 Navy Blue? It is reported that TSMC has obtained the order of Intel 6nm chip: preparing for the mass production of Dui display? EU says European companies can replace Huawei in 5g networks_ NBJS10390