This is actually a positive si

This is actually a positive signal

1. TSMC is confident that it doesn't need share buybacks or spilts to increase shareholder's value because the natural demand will speak for itself

2. Requires cash for future growth and to meet growing demand

TSMC Stock Drops Almost 2% As It Won’t Be Initiating Share Buybacks or a Split Anytime Soon

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Requires cash for future growth and to meet growing demand","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/313229524586672","repostId":1141194098,"repostType":2,"repost":{"id":"1141194098","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1717491600,"share":"https://www.laohu8.com/m/news/1141194098?lang=&edition=full","pubTime":"2024-06-04 17:00","market":"us","language":"en","title":"TSMC Stock Drops Almost 2% As It Won’t Be Initiating Share Buybacks or a Split Anytime Soon","url":"https://stock-news.laohu8.com/highlight/detail?id=1141194098","media":"Tiger Newspress","summary":"TSMC’s C.C. 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Wei, who on Tuesday became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery.</p><p>Wei starts his chairmanship during a week when Taiwan is in the spotlight. Many of the world’s biggest tech executives gathered at Computex in Taipei, including Nvidia’s Jensen Huang, Intel Corp.’s Pat Gelsinger and Advanced Micro Devices Inc.’s Lisa Su.</p><p style=\"text-align: start;\">TSMC convened its shareholder meeting the same morning Gelsinger delivered his keynote speech at Computex. Executives at the forum have so far echoed Wei’s outlook for a return to solid growth after years of malaise, in part because of the AI boom.</p><p style=\"text-align: start;\">But executives on Tuesday said TSMC won’t be initiating share buybacks or a split anytime soon, in response to a stockholder’s query. The company needs cash to make investments to capitalize on the future growth of the industry, they said.</p><p>TSMC shares dropped 1.7% in premarket trading Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/62c9c20223012ecedede49fadc63e542\" tg-width=\"844\" tg-height=\"622\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141194098","content_text":"TSMC’s C.C. Wei, who on Tuesday became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery.Wei starts his chairmanship during a week when Taiwan is in the spotlight. 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