TSMC (TSM, Financial) experienced a 0.33% drop in its stock price, trading at $200 per share with a trading volume of 8.49 million shares and a turnover rate of 0.16%. The stock's recent financial report shows revenue of $23.504 billion, a net profit of $10.063 billion, and earnings per share of $1.94, with a gross profit of $13.269 billion and a P/E ratio of 31.28.
Among the 47 institutions rating the stock, 96% recommend buying, while 4% suggest holding, with no sell recommendations. The semiconductor industry, where TSMC operates, saw an overall increase of 0.16%.
TSMC clarified its role with Intel, stating it only discussed production design and did not assist in building Intel's U.S. plant. This follows comments by TSMC's U.S. Chairman, Rick Cassidy, about ongoing discussions with Intel regarding advanced manufacturing techniques.
