TAIPEI (Taiwan News) — TSMC reached another record high Tuesday, with its stock price climbing to NT$1,160 (US$35.40) in early trading.
The surge pushed its market capitalization above NT$30 trillion (US$915.66 billion). It contributed 282 points to the Taiwan Stock Exchange Capitalization Weighted Stock Index, per CNA.
The milestone follows TSMC's previous historical high of NT$1,125 on Monday. Foreign investors, investment trusts, and proprietary traders collectively bought more than 30,000 shares of TSMC, positioning for gains ahead of the company’s upcoming investor conference.
TSMC's American depositary receipt (ADR) also set a record Monday, closing up US$11.40 at US$220.01. ADRs are certificates issued by US banks that represent shares of foreign companies, enabling US investors to invest in international companies that may not be directly accessible.
The company's investor conference is scheduled for Jan. 16, where the market expects positive news. TSMC’s performance is projected to continue growing by double digits this year, driven by strong AI demands, potentially setting new records.
According to Companiesmarketcap statistics, TSMC's market capitalization has reached NT$37.35 trillion, surpassing Broadcom’s NT$36 trillion. This ranks TSMC as the ninth-largest company globally by market capitalization.