Taiwan Semiconductor Manufacturing Co (NYSE:TSM) saw its shares rise to a record on Thursday in the Taiwan Stock Exchange. The rally boosted Taiwan Semiconductor’s market capitalization to over $946 billion in the U.S. stock exchange as of Friday. Investors are optimistic that Taiwan Semiconductor will benefit from robust demand for artificial intelligence (AI) and high-performance computing (HPC) chips, the Taiwan Times reports. Taiwan Semiconductor has surged 69.48% this year, solidifying its
The company's US-listed shares are up 42% this year so far and upcoming earnings could send them even higher.
(.) * Singapore stocks at over two-year peak * Focus on inflation data from Thailand, Philippines, Taiwan * U.S. back on disinflationary path - Fed's Powell By Roshan Thomas July 3 (Reuters) - Asian equities rose on Wednesday after comments from Federal Reserve Chair Jerome Powell boosted hopes for rate cuts this year, while currencies in the region were subdued against a steady dollar. Stocks in Singapore climbed as much as 1.6% to touch their highest levels since April 2022, and Taiwan equities rose 1.3% after local technology stocks tracked upbeat performances in their U.S. peers.