TSMC Shares Steady as Earthquake Fears Subside

TSMC US8740391003

A powerful 7.0 magnitude earthquake struck Taiwan on Sunday evening, briefly raising global concerns over semiconductor supply chain stability. However, swift reassurances from chip manufacturing giant TSMC have calmed investor nerves. The company confirmed that its critical production infrastructure, located within the important Hsinchu Science Park, appears undamaged despite precautionary evacuations. For investors banking on the AI boom, this update provides crucial stability ahead of Monday’s market opening.

Beyond geographical risks, the company’s robust operational performance continues to be the primary force behind its share price. TSMC is a major beneficiary of the ongoing artificial intelligence super-cycle. The firm’s third-quarter revenue surged by nearly 41% year-over-year, while earnings Read more...