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TSMC Stock Price Hits Milestone at 600 Yuan: Good News and Future Prospects

Financial Center/Reported by Xiao Youchen

TSMC’s stock price returned to the 600-yuan mark on the 19th. (Schematic diagram/data photo)

TSMC said it will bring good news. President Wei Zhejia is also optimistic about the semiconductor market. Wafer foundry is expected to increase by 20% annually, inspiring TSMC’s stock price to rise by 37 yuan on the 19th, reaching the 600 yuan level in one fell swoop, including ADR growth of 9.8%, and market value A surge of nearly one trillion yuan. Looking back on the past year, Xie Jinhe, chairman of Caixin Media, pointed out that unknown celebrities have been badmouthing TSMC all day long. They also said that “TSMC will hollow out Taiwan”, “will become US Semiconductor”, “will be overtaken by Huawei”, etc., all of which have been criticized. TSMC has delivered beautiful results and is a slap in the face, and long-term shareholders who believe in Taiwan and TSMC have all received enviable returns.

Xie Jinhe pointed out that Taiwan Semiconductor Manufacturing Co., Ltd.’s surge led to a surge of 453.73 points in Taiwan stocks. Coupled with the decline in Hong Kong stocks on the 19th, the gap between Taiwan and Hong Kong stock markets widened to 2,371 points. TSMC’s ADR rose by 9.79%, and its market value rose to US$586.22 billion, once again regaining the top 10 largest companies in the United States. On the 19th, foreign investors bought more than 110,000 shares of TSMC, turning the Taiwan stock market into a one-man martial arts world.

Xie Jinhe changed the subject. Looking back on the past year, many political commentators who did not understand semiconductors were badmouthing TSMC every day, or saying that “TSMC is the next Toshiba”, questioning that TSMC “is US Semiconductor”, and even There are rumors that “TSMC is poaching Taiwan”. Wei Zhejia was also forced to come forward to refute, saying, “If Taiwan is hollowed out, there will be no door left!”

Xie Jinhe pointed out that some famous people said that Huawei would kill TSMC, but recently Intel CEO Patrick Gelsinger also stood up and said that China’s semiconductor industry is 10 years behind the world. Over the past year, many people have put on colored glasses and tried their best to discredit TSMC. Even well-known semiconductor analyst Lu Xingzhi has questioned TSMC’s financial statements.

However, TSMC delivered good results of 238.71 billion yuan in the fourth quarter, with a full-year net profit of 838.496 billion yuan and EPS of 32.34 yuan. Xie Jinhe originally estimated that 30 yuan would be very good. The performance exceeded expectations. The market has changed in both long and short positions. Foreign investors have increased their investment and the trading volume has increased to 160,900. The trading volume of TSMC’s first level alone is as high as 99.963 billion yuan. Stock trading volume also increased to 423.864 billion yuan.

Xie Jinhe said that a few days ago, many media spread rumors that “cross-strait relations were tense after the election and foreign investors were selling Taiwan stocks.” However, on the 19th, foreign investors bought a large amount of more than 80.1 billion yuan. “I don’t know how the media will interpret it?” He went on to say that this year This is the big era of AI. NVIDIA has pushed its market value to US$1.4 trillion, and TSMC will definitely play a role. If TSMC’s global layout is completed and Taiwan’s TSMC becomes the global TSMC, the market value will definitely change even more.

Xie Jinhe concluded that TSMC’s price of 600 yuan is another new milestone, and many foreign investors have raised the target price of TSMC to 770 yuan. Long-term investment shareholders who believe in Taiwan and TSMC will have enviable returns.

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2024-01-19 23:15:23
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