Reported 6 months ago
TSMC announced a record-breaking revenue of 229.62 billion NTD for May, breaking the 1 trillion NTD mark for the cumulative revenue for the first five months of the year. First Sino Securities' Chairman, Chen Yiguang, mentioned that TSMC's Q2 performance is on track, with potential help from 5 major factors pushing the stock price into the 1000 NTD mark. These factors include TSMC's intention to raise chip manufacturing prices, support from NVIDIA's CEO Huang Renxun, increased profit forecasts by foreign investors, and the absence of direct competitors for TSMC. With recent high revenues and positive forecasts, it is believed that TSMC breaking the 1000 NTD milestone is only a matter of time.
Source: YAHOO