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(Edaily reporter Ji-na Jeong) Shares of Taiwan Semiconductor Manufacturing Co. (TSM), the world’s largest foundry, showed an upward trend after it announced a surge in monthly sales on the 9th (local time).
According to Barron’s, TSMC’s sales in July were approximately NT$256.95 billion (approximately US$7.94 billion), a 24% increase from the previous month and a 45% increase from the previous year. TSMC reported that sales in the January-July period increased by 31% compared with the same period last year.
Total third-quarter sales are expected to exceed expectations, coming in at $22.4 billion to $23.2 billion.
TSMC shares rose 2.4% to $168.50 in pre-market trading today.
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