Reported 7 months ago
Taiwan's stock market closed at 22,504.72 points on June 14, rising 192.68 points to a new record high, with the leading company Taiwan Semiconductor (2330) staging a strong surge in the final moments with 4,850 buy orders, driving the stock price up to 922 NT dollars, an increase of 3 NT dollars or 0.32%, setting a new closing high with a market value simultaneously reaching 23.9 trillion NT dollars. Benefiting from advanced process technology, Taiwan Semiconductor's strong performance was reflected in its May revenue of 229.62 billion NT dollars, a year-on-year increase of 30.1% and the third-highest monthly revenue on record, leading to a year-to-date revenue growth of 27%. Analysts are optimistic about upcoming Apple products and estimate that Taiwan Semiconductor will further boost its performance as the exclusive supplier for the new iPhone 16 series with AI capabilities expected to drive a new wave of upgrades among Apple fans.
Source: YAHOO