Reported about 1 year ago
On July 8th, Taiwan's stock market surged over 190 points to reach a new high of 23748, with TSMC (2330) and Foxconn (2317) both performing well. TSMC surged to 1030, marking a new high, while Foxconn rose to 223.5, hitting a new high not seen since November 2007. TSMC is expecting to announce its June revenue on the 10th, with revenue for January to May already reaching NT$1.582 trillion, a 27% year-on-year growth. TSMC predicts second-quarter revenue between $19.6 to $20.4 billion USD with a 6% midpoint increase, and a gross margin of 51% to 53%. Foxconn reported a record revenue of NT$1.55 trillion in the second quarter, citing increased demand for AI cloud products. The market awaits TSMC's analyst meeting on the 18th, focusing on topics such as AI, wafer OEM, and advanced packaging processes, while Foxconn anticipates quarterly and yearly growth in the third quarter due to increased AI cloud product sales.
Source: YAHOO