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TSMC market value exceeds NT$22T, shares surge

Reporter TVBS News Staff
Release time:2024/05/16 11:00
Last update time:2024/05/16 11:00
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TSMC stock hits record high, market value soars (Courtesy of Shutterstock) TSMC market value exceeds NT$22T, shares surge
TSMC stock hits record high, market value soars (Courtesy of Shutterstock)

TAIPEI (TVBS News) — Taiwan Semiconductor Manufacturing Company (台積電, TSMC) saw its stock price reach a record high of NT$854 on Thursday (May 16), pushing its market value over NT$22.14 trillion.

The surge came after an early morning increase of NT$15 per share, adding approximately NT$389 billion to its market capitalization.

 

The company's American Depositary Receipts (ADR) also soared to a new closing high of US$155.58, marking a 2.39% increase. This translates to more than NT$1,000 per share, specifically NT$1,005, representing nearly a 20% premium over TSMC's closing price of NT$839 on Wednesday.

This uptick in TSMC's ADR and the overall stock price reflects broader market optimism, influenced by the U.S. Consumer Price Index (CPI) rose 3.4% in April, which was less than expected, fueling a rise in major U.S. indices on May 15.

TSMC's performance is a bellwether for the global semiconductor industry, indicating robust demand and investor confidence. The company's market value reaching over NT$22 trillion underscores its pivotal role in the tech sector in Taiwan and globally.

Taiwan Business

#TSMC#Stock#ADR#MarketShare#Semiconductor
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