Taiwan Semiconductor Manufacturing (TSM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has reported robust financial results for the second quarter of 2024, with a net income of NT$247.85 billion and plans to distribute a NT$4.00 per share cash dividend in January 2025. Additionally, the board has approved substantial capital appropriations and investments to bolster future capacity and technology advancements, including a US$29.6 billion outlay for various upgrades and a US$7.5 billion injection into its Arizona subsidiary. The company also aims to incentivize key personnel through restricted stock awards and has announced a promotion within its executive team.
For further insights into TSM stock, check out TipRanks’ Stock Analysis page.
