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TSMC shares fell nearly 3% in premarket trading.

Tiger Newspress2021-07-15

TSMC shares fell nearly 3% in premarket trading.

Taiwan Semiconductor Manufacturing Co. reported an 11% increase in quarterly profit, underscoring how the company has benefited from a global chip shortage that’s driven up orders from the automotive and other industries.

Net income for the quarter ended in June rose to NT$134.4 billion ($4.8 billion), slightly below the average analyst estimate of NT$136.15 billion. Revenue came in at NT$372.15 billion based on previously released monthly sales figures.

On Thursday, TSMC said on an analyst call that the auto chip shortage will gradually reduce for its customers from this quarter but expects overall semiconductor capacity tightness to extend possibly into next year.

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Comment31

  • Greg2021
    ·2021-07-15
    good news for TSM!
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  • Viboon
    ·2021-07-15
    Hold or buy on dip, keep long term investment!!!
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    • Greg2021

      yes buy on the dip!

      2021-07-15
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  • LEONARD87
    ·2021-07-15
    Up
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  • FiNaLe
    ·2021-07-15
    Like pls!
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  • NadNad
    ·2021-07-15
    Please like and comment
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    • Tailwind
      done
      2021-07-15
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    • 1nquisit0
      done
      2021-07-15
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  • Jade78
    ·2021-07-15
    Looks like this is the latest stock market trendProfit goes up, share price drops for a period of time. Then starts to push higher like AAPL, AmD , Qcom… 
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  • MajorJackpot
    ·2021-07-15
    Time to load up?
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    • FiNaLe
      Maybe!
      2021-07-15
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  • DenyMin
    ·2021-07-15
    Drop more so can buy dip ?
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  • Traderabbit
    ·2021-07-15
    market makers seems to be deliberately using selective wordings in the reports to downplay a fantastic result so they can push prices down to load more for the coming rally. Don't be fooled by them, get in before its too late.
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  • Erms.. so where is the negative news?
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    • Tongdadd
      Says chip shortage will gradually reduce. Means shortage ending. Prices and margin may have to come down
      2021-07-15
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  • Abundance Thankful
    ·2021-07-15
    Wow
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    • JackTL
      great
      2021-07-15
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    • Gon
      [得意]
      2021-07-15
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  • CharlesKing
    ·2021-07-15
    Like and comment plz???
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    • MJJJJ
      ok
      2021-07-15
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  • Jayk7
    ·2021-07-15
    Gg
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  • Fishark
    ·2021-07-15
    Is it me or is the market on the wrong side up? This price drop phenomenon's happening for other stocks as well ?
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    • kusanagi
      Yep
      2021-07-15
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    • Aun9
      True
      2021-07-15
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    • ECA
      Yeah it is. Sigh
      2021-07-16
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  • Desmondsim
    ·2021-07-15
    Nicee
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  • Jason7890
    ·2021-07-15
    Drop more pls
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    • Desmondsim
      Yea
      2021-07-15
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    • BhaskarB
      Then buy the dip
      2021-07-15
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  • BNBC
    ·2021-07-15
    Hold
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  • Archiparia
    ·2021-07-15
    Ska can oomsbhja tbnkaa
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  • hlac
    ·2021-07-15
    Just buy when it drops. Discount for all of us is a good thing. Tsmc is a good company with good fundamentals. Our patience will be rewarded. 
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  • ECA
    ·2021-07-15
    Just hold long term. Don’t be phased by short term drops or rise.
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    • ECA
      Will buy more!
      2021-07-18
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    • MO75
      finger cross
      2021-07-15
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    • Cfgramos
      True
      2021-07-15
      Reply
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