TSMC shares soar after bullish outlook

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TAIPEI (Reuters) – Taipei-listed shares of Taiwanese chipmaker TSMC opened up 6% on Friday after the company projected more than 20% growth in 2024 revenue on booming demand for high-end chips used in artificial intelligence (AI) applications.


The outlook also cheered the broader market, which rose 2%.

– TheStar


(Reporting by Ben Blanchard; Editing by Tom Hogue)

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