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TSMC Reports 40% Sales Jump in May

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a significant 40% increase in sales in May, reaching 320.5 billion New Taiwan dollars (approximately $10.7 billion). Despite the impressive year-over-year growth, sales dropped by 8.3% compared to the previous month. TSMC, a leading chip manufacturer, produces advanced chips for companies like Nvidia. The stock's American depositary receipts rose by 25% in the last 12 months, outperforming the S&P 500 index. This news contributed to a positive sentiment in the market.

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    • MikeongMikeong
      ·2025-06-26
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      Stock Track | SOXL Surges 5% as Semiconductor Stocks Rally on TSMC's Strong Sales Report

      Direxion Daily Semiconductors Bull 3x Shares soared 5% in Tuesday's intraday trading, riding the wave of a broader rally in semiconductor stocks. The leveraged ETF's significant move came as the semiconductor sector experienced widespread gains, with several major players posting notable increases.The rally was primarily fueled by Taiwan Semiconductor Manufacturing Co.'s impressive May sales report. TSMC, a bellwether for the global chip industry, announced a 40% year-over-year increase in rev
      Stock Track | SOXL Surges 5% as Semiconductor Stocks Rally on TSMC's Strong Sales Report
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    Company: TTMF Limited. Tech supported by Xiangshang Yixin. Email: uservice@ttm.financial