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SAM CHONG
03-04

[Wow]

TSMC Surges to Record High on AI Optimism, Global Chip Rally

Taiwan Semiconductor Manufacturing Co. rose to its highest-ever level, tracking a global rally in chip stocks fueled by optimism about artificial intelligence.The world’s top chip foundry jumped 5.2% to close at NT$725 in Taipei on Monday, a record since its stock listing in 1994. The surge lifted its market capitalization to $597 billion, one step closer to reclaiming a spot in the world’s 10 most-valuable companies.TSMC has soared over 22% so far this year, helping the local benchmark Taiex In

TSMC Surges to Record High on AI Optimism, Global Chip Rally

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