"Shares of Taiwan Semiconductor Manufacturing Co. Ltd. ( NYSE: TSM), AKA TSMC, hit an all-time high of $313.98 this month. Tariff and trade issues surrounded TSMC in the past month, but it did boost its quarterly dividend by more than 16%. The stock is up 7.2% higher than a month ago. The share price is 40.8% higher than six months ago and 49.6% higher year over year, outperforming the Nasdaq in both timeframes."
"TSMC says it is actively diversifying its global footprint, although it declined an invitation from India to set up a plant there. Due to efforts to bolster U.S. domestic chip production and reduce reliance on overseas supply chains, TSMC said it plans to drastically increase its investment in U.S. semiconductor manufacturing, including new fabrication plants and advanced packaging facilities in Arizona. Reportedly, it is also expanding its presence in Japan, as well as considering constructing an advanced chip fabrication plant in the UAE."
TSMC hit an all-time high of $313.98, raised its quarterly dividend by over 16%, and saw shares rise 7.2% month-over-month, 40.8% over six months, and 49.6% year-over-year, outperforming the Nasdaq. The company rejected an invitation to build in India while actively diversifying its global footprint, planning substantial U.S. investments including new fabrication plants and advanced packaging facilities in Arizona, expanding in Japan, and considering an advanced fabrication plant in the UAE. Market valuation exceeded $1 trillion in July and Wall Street remains optimistic. TSMC serves as the primary foundry for leading chip designers, centralizing advanced semiconductor production.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]