TSMC's total market value reaches US$312.7 billion, surpassing Samsung to become the world's largest semiconductor company-EEWORLD

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According to the Central News Agency, TSMC's American depositary receipts rose and then retreated, but its total market value still reached US$312.7 billion, surpassing Samsung's US$292.6 billion, ranking first among global semiconductor companies.

TSMC's ADR has repeatedly set new historical highs since July due to its optimistic operating prospects and active market buying. It once reached US$67.21 in the early trading on the 15th, setting a new record high.

TSMC announced its second quarter 2020 financial report today, with consolidated revenue of approximately NT$310.7 billion (the same below), roughly the same as the previous quarter, and an increase of 28.9% over the same period in 2019; net profit after tax was approximately NT$120.82 billion, a quarterly increase of 3.3% and an annual increase of 81%, and earnings per share of NT$4.66, equivalent to US$0.78 per American depositary receipt. If calculated in US dollars, TSMC's second quarter revenue was US$10.38 billion, a year-on-year increase of 34.1% and a quarterly increase of 0.8%, reaching the financial forecast level of US$10.1 to 10.4 billion.

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