TSMC shares rise more than 3pct after quarterly profit beat estimate

16-Oct-2021 Intellasia | Reuters | 5:02 AM Print This Post

Shares of Taiwan chip giant TSMC (2330.TW) rose more than 3 percent on Friday after the firm posted higher-than-expected profit in the third quarter and flagged tight supplies will likely continue into 2022 amid booming demand during the COVID-19 pandemic.

The rise compared with a 1.3 percent increase in the broader market (.TWII).



Category: Taiwan

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