TSMC shares fall nearly 2% even after raising 2024 revenue forecast

Quick Summary:

TAIPEI: Taipei-listed shares of TSMC fell at the market open on Friday, even after the company raised its full-year revenue forecast and reported a market-beating net profit for the second quarter.

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Shares of TSMC, the world's largest contract chipmaker, fell 1.79%, while Taiwan's main index opened down 0.73 percent.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaTaiwan

Topics: Profit Forecast Semiconductor /Business/Business News Markets TSMC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 09:14:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 66 words

Reading Time: 1 minutes read

Sentences: 3 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21679490

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