Connect with us

Business

TSMC records highest number of shareholders among listed companies

Avatar

Published

on


Taipei, April 5 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chip maker, last week saw the company’s shareholder count hit a new high, the largest among companies listed on the local stock market, according to Taiwan Depository & Clearing Corp. (TDCC)

Data compiled by TDCC showed TSMC’s shareholder count increased by 2,495 last week to set a new high of 1,002,564 as of April 1, the last trading session before the current Sweeping Festival holiday. graves.

TSMC has overtaken China Steel Corp., Taiwan’s largest steelmaker, which had 998,980 shareholders as of April 1, according to data.

Market analysts said interest in TSMC, the most weighted stock in the local market, was on the rise as the stock continued to push up the Taiex, the weighted index of the Taiwan Stock Exchange.

TSMC shares rose 2.03 percent last week to close at NT $ 602.00 after the stock rebounded sharply 2.56 percent on April 1. Within the week, the Taiex was up 0.58 percent, with TSMC’s gains helping the broader market to finish above the closing level the week before.

Analysts said many investors appear optimistic about TSMC’s business prospects following strong global demand for emerging technologies such as 5G applications, high-performance computing devices and the Internet of Things.

TSMC has confirmed its intention to invest US $ 100 billion over the next three years to expand its business.

The company said this massive investment would devote more resources to research and development and technology upgrading, in order to keep TSMC ahead of its peers in the global market.

In addition, a letter written by TSMC CEO CC Wei () to corporate clients that circulated in the market last week stated that due to rising prices for production raw materials as well as the increasing complexity of major technological nodes, the wafer foundry operator stop the wafer price cuts from December 31. The suspension will continue for four quarters.

TSMC declined to comment on the letter and the suspension of the price cut.

According to TDCC, the number of TSMC shareholders holding more than one million shares fell from 3 last week to 1,504, while the number of the chipmaker’s shareholders holding less than 1,000 shares increased by 4,704 to 560,861.

Analysts said that since the start of odd lot trading – referring to orders of less than 1,000 shares – on October 26, 2020, the new mechanism has attracted many young investors who previously were not able to afford. high-priced stocks, like TSMC.

TSMC has an investor conference scheduled for April 15, and many investors are eagerly awaiting the company’s first quarter results, as well as second quarter and 2021 forecasts as a whole.

At the latest investor conference in mid-January, TSMC vice president and chief financial officer Wendell Huang () said the company will spend between US $ 25 billion and US $ 28 billion on capital spending in 2021. , a historic high for TSMC.

(By Chang Chien-chung and Frances Huang)

Final element / AW

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]