- Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) reported revenue growth of 22.8% year-on-year to NT$148.47 billion for June.
- Revenue for or January through June 2021 increased 18.2%.
- TSM’s pricing power following capacity tightness is likely to offset the margin pressure from the massive CapEx spending Citi analysts Roland Shu and Grant Chi stated, Bloomberg reports.
- The chipmaker’s technology/productivity breakthrough in EUV is estimated to drive its technology gap with peers and ensure a better cost structure for leading-edge technology nodes.
- The U.S. was pressurizing the chipmaker over its plan to expand foundry capacity in China, Digitimes Asia reported recently.
- Price action: TSM shares traded higher by 0.37% at $118.31 in the premarket session on the last check Friday.
GlycoMimetics And 3 Other Stocks Under $3 Insiders Are Aggressively Buying
The Dow Jones settled slightly higher on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
