The China Post
Date: October 3, 20170
By: Jackson Chang and Frances Huang
Taipei (CNA) – Shares of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電)
The announcement by Chairman Morris Chang (張忠謀), that he will retire in June 2018, helped shares of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) moved higher Tuesday.
moved higher Tuesday morning despite the announcement by the face of the company, Chairman Morris Chang (張忠謀), that he will retire in June 2018.
Buying in TSMC shares continued, indicating that investors remained confident in the chipmaker’s future operations and its leading position in the global wafer foundry business, in which the company holds a more than 50 percent share, dealers said.
As of 11:29 a.m., shares of TSMC had gained 0.91 percent to NT$222.50 (US$7.32), with 25.69 million shares changing hands on the Taiwan Stock Exchange, where the weighted index was up 0.10 percent at 10,475.28. [FULL STORY]