Reported about 1 year ago
On June 13th, the Taiwan stock market surged by over 300 points with TSMC leading the way by hitting a record high of 22440.10 points. Amid the news of TSMC's cash dividend of approximately 3.5 NT dollars for the fourth quarter of 2023 and its stock price reaching 935 NT dollars at opening, the market was boosted by lower-than-expected U.S. inflation data. TSMC's successful dividend history continued with this latest payout, benefiting key stakeholders including its founder, retired Chairman, and current Chairman. Additionally, TSMC reported impressive revenue figures for May and received raised target prices from foreign analysts due to its strategic position in AI development.
Source: YAHOO