TSMC Market Value Hits $1 Trillion Driven by Robust AI Demand and Raised Outlook
Taiwan Semiconductor Manufacturing Co.’s market value closed above $1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence demand.The main supplier of chips to Apple Inc. and Nvidia Corp. saw its Taiwanese shares climb to a record high on Friday, a near 50% rise from an April low. That has made it the first Asian stock worth more than $1 trillion, since PetroChina Co. briefly reachedBloomberg Terminal the milestone in 2007....
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