TSMC surges to a record high of 1,780 TWD, market value surpasses 46 trillion TWD
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By:格隆汇
Glonghui, January 19|The share price of wafer foundry TSMC opened lower but rebounded, surging by up to NT$40 during intraday trading to reach NT$1,780, setting a new record high and pushing its market capitalization past NT$46 trillion. Benefiting from robust AI market demand, TSMC's operational performance for the first quarter is expected to remain strong despite the usual off-season, with dollar-denominated revenue projected to increase by 4% quarter-on-quarter. By 2026, dollar revenue is expected to grow by nearly 30%, and the company continues to actively invest in expansion, with capital expenditures reaching between $52 billion and $56 billion. Coupled with the ongoing price increases and shortages in sectors such as memory and PCB, the Taiwan stock market closed up by 230.59 points to 31,639.29 points, setting new intraday and closing record highs, with total turnover reaching NT$799.3 billion.
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