TSMC shares rally on earnings upgrade

KNOCK-ON EFFECTS:Damage caused to wafers at the firm’s Tainan Gigafab facilities during the Feb. 6 earthquake is to result in delayed shipments of about 120,00 wafers

Taipei Times
Date: Feb 19, 2016
By: Ted Chen / Staff reporter, with CNA

Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday surged to their highest in more than nine months after the company raised its earnings guidance for the current quarter on Wednesday evening.

TSMC shares gained 2.03 percent to close at NT$151 in Taipei trading, the highest since April 28 last year, with 61.71 million shares changing hands.

The Hsinchu-based chipmaker raised its sales guidance for this quarter to a range between NT$201 billion (US$5.99 billion) and NT$203 billion from a previous estimate of between NT$198 billion and NT$201 billion, according to a company filing with the Taiwan Stock Exchange.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.