TSM Maintains Full-Year Revenue Guidance Of Low-To-Mid Twenties Percentage Growth Given At January Institutional Investors' Conference; Says Part From Some Production Lines, Equipment In Taiwan Fabs Have Largely Been Fully Recovered As Of April 5
Portfolio Pulse from Benzinga Newsdesk
TSMC has reaffirmed its full-year revenue guidance of low-to-mid twenties percentage growth, as initially provided in January. The company also reported that, aside from some production lines, equipment in its Taiwan fabs has largely been fully recovered as of April 5, according to an SEC filing.
April 05, 2024 | 1:27 pm
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TSMC maintains its full-year revenue growth forecast and reports significant recovery in its Taiwan fabs.
TSMC's reaffirmation of its revenue growth forecast and the recovery of its production capabilities are positive indicators for the company's operational efficiency and financial health. This news is likely to instill confidence in investors about TSMC's resilience and growth prospects, potentially leading to a positive short-term impact on its stock price.
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