Shares of world's top chipmaker TSMC hit new record

TSMC shares rose 6% shortly after opening to NT$1,100 (US$34.25), surpassing the previous record of NT$1,080 set on July 11. This brought TSMC's market capitalization to about US$884 billion, the highest among companies listed in Asian markets.

TSMC shares rose 6% shortly after the open to NT$1,100, or US$34.25.

However, TSMC appears to be facing some uncertainty, after The Information reported that the US Commerce Department is investigating whether the company makes AI chips, or smartphone chips, for China's Huawei, which is restricted from accessing non-Chinese chips due to US export controls.

As the world's largest contract chipmaker, TSMC, whose customers include Apple and Nvidia, has benefited from the AI ​​boom on Thursday. TSMC reported a 54% jump in third-quarter 2024 profit, beating forecasts, raised its 2024 revenue forecast and said the next five years would also be "relatively good."

TSMC’s stock could rise even higher, said Venson Tsai, an analyst at Cathay Futures Consultant. “TSMC’s stock price has not fully reflected the long-term growth wave of AI,” Mr. Tsai said.

Following media reports of the US investigation, TSMC said it has always complied with laws, commitments and regulations, including export controls.

"If TSMC faces potential issues, we will take immediate action to ensure compliance with laws, regulations and commitments. We will conduct investigations and proactively communicate with relevant parties," TSMC's report said.

In July 2020, TSMC stopped accepting new orders from Huawei and had no plans to ship devices after September of that year to the company.

(According to Reuters)

Source: https://www.baogiaothong.vn/co-phieu-nha-san-xuat-chip-hang-dau-the-gioi-tsmc-lap-ky-luc-moi-192241018143109608.htm