Taiwan Semi shares rise after earnings, sales beat forecasts

Shares of Taiwan Semiconductor Manufacturing Co. rose on Thursday after the third-party silicon wafer manufacturer reported forecast-beating earnings and sales in its June-ending quarter.

Analysts... Shares of Taiwan Semiconductor Manufacturing Co. rose on Thursday after the third-party silicon wafer manufacturer reported forecast-beating earnings and sales in its June-ending quarter. Analysts surveyed by FactSet had forecast earnings of $1.44 per ADR and revenue of $17.68 billion. Shares of the company rose 3% in Taipei.

Breaking it down by technology, leading-edge 5-nanometer orders made up 21% of sales, compared with 18% in the year-ago period, while 7-nm orders made up 30% of sales from a previous 31%. Nanometer, or “nm,” denotes the size of each transistor that goes on a computer chip, the general rule being that smaller transistors are faster and more efficient in using power.

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