TAIPEI (TVBS News) — TSMC (台積電) reached a new milestone in early trading on Monday (Jan. 6), with its stock price hitting NT$1,105, surpassing the previous high set on Oct. 18, 2024. The stock rose by NT$30, boosting its market value to NT$28.65 trillion and contributing approximately 232 points to the broader market index.
The surge in TSMC's stock price follows a positive performance in U.S. markets on Jan. 4. The Dow Jones Industrial Average increased by 339.86 points, the Nasdaq Composite rose by 340.89 points, and the Philadelphia Semiconductor Index climbed by 142.149 points. TSMC's American Depositary Receipts (ADR) also saw a rise of $7.03, marking a 3.49% increase.
Market analysts anticipate TSMC will release favorable news during its scheduled investor conference on Jan. 16. They expect the company to benefit from strong demand for artificial intelligence (AI) technologies. TSMC's advanced 3nm and 5nm process orders remain robust, which is likely to drive its performance to new heights this year.
Investors remain optimistic about TSMC's future prospects, as the company continues to lead in semiconductor innovation. The upcoming conference might reveal further insights into how TSMC plans to capitalize on the growing AI market, potentially setting the stage for continued growth and success.
