Taiwan Semiconductor Manufacturing (TSM) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has efficiently managed a rapid recovery following a significant 7.2 magnitude earthquake in Taiwan, with over 70% of their facilities’ tool operations restored within 10 hours. The company’s new Fab 18 facility has seen over 80% recovery. Despite the quake, TSMC upholds its full-year revenue growth forecast in the low-to-mid twenties percentage, as previously stated in January.
For further insights into TSM stock, check out TipRanks’ Stock Analysis page.