TAIPEI (TVBS News) — Taiwan Semiconductor Manufacturing Co. (台積電, TSMC) saw its stock price reach a record high of NT$877 on Thursday (May 23), propelling the Taiwan stock index to new heights.
The company's market value soared to NT$22.74 trillion, a significant boost attributed to its role as a key supplier for Nvidia's AI chips. This surge in TSMC's stock price, which also saw its American Depositary Receipts (ADR) climb over 4% in after-hours trading, underscores the company's pivotal position in the global tech industry.
AI Industry's Growth Fuels Market Optimism
The relentless advancement of the AI industry continues to fuel market optimism, with TSMC at the forefront of this technological revolution. The company's stock price increase to NT$877, adding NT$337.1 billion to its market value, has significantly contributed an additional 105 points to the major stock index.
As AI continues to drive technological innovation, TSMC's strategic importance and market value are expected to rise further, marking a significant era of growth for the semiconductor industry.
