"Shares of Taiwan Semiconductor Manufacturing Co. Ltd. ( NYSE: TSM), AKA TSMC, hit an all-time high of $351.33 this month. It posted record-breaking financial results and bullish guidance in that time, along with a sizable capital expenditure budget increase and a 20% dividend boost. After a $250 billion U.S.-Taiwan trade deal, TSMC confirmed plans to build a "gigafab cluster" in Arizona. The stock is up 12.1% from a month ago."
"TSMC says it is actively diversifying its global footprint, although it declined an invitation from India to set up a plant there. Reportedly, it is also expanding its presence in Japan, as well as considering constructing an advanced chip fabrication plant in the UAE. Its market valuation surpassed $1 trillion in July, and it is now the world's sixth-largest publicly traded company. Wall Street remains optimistic."
TSMC reached an all-time high share price of $351.33 after posting record financial results, raising capital expenditures, and increasing its dividend by 20%. The company confirmed plans to build a "gigafab cluster" in Arizona following a $250 billion U.S.-Taiwan trade deal and said it is diversifying its global footprint while declining an invitation from India. TSMC is expanding in Japan and considering an advanced fabrication plant in the UAE. Market valuation surpassed $1 trillion in July, making it the world's sixth-largest publicly traded company. The stock has outperformed the Nasdaq across multiple timeframes, and Wall Street remains optimistic.
Read at 24/7 Wall St.
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