As a result of the global surge in chip stocks that was spurred by confidence about artificial intelligence
Taiwan Semiconductor Manufacturing Company reached its highest level ever recorded.
On Monday, the shares of the world's leading chip foundry reached a new high of NT$725 in Taipei, marking a record since the company's initial public offering in 1994
As a result of the jump, its market capitalization increased to $597 billion, bringing it one step closer to recovering its position as one of the top 10 most valuable firms in the world.
With a rise of more than 22% so far in 2018, TSMC has contributed to the Taiex Index, which serves as a local benchmark, reaching a new all-time high.
Executives at the company that is the primary supplier to Apple Inc. and Nvidia Corp. anticipate a return to good growth this quarter in the midst of evidence of a demand rebound
This company is regarded a significant beneficiary of the ongoing boom in artificial intelligence. Investors' excitement for the industry was further strengthened by the positive results that Nvidia reported last month.
This company is regarded a significant beneficiary of the ongoing boom in artificial intelligence. Investors' excitement for the industry was further strengthened by the positive results that Nvidia reported last month.
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