July 28, 2020

Share surge propels Taiwan chip giant TSMC into top ten

Taipei (AFP) – Taiwanese chip giant TSMC on Tuesday briefly became the world’s tenth largest company thanks to a two-day surge in its stock price that has propelled the island’s exchange to a record high.Taiwan Semiconductor Manufacturing Company, the world’s largest contract microchip maker, produces the processors that provide the computing muscle for everything from iPhones, laptops and games consoles to servers and critical internet infrastructure.The company’s worth reached some $410 billion on Tuesday morning to surpass US firms Johnson & Johnson and Visa to rank 10th in the world, accor…

source https://this.kiji.is/en/660711949906003041?c=648607265489716321

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