Taiwan Semiconductor Jen-Chau Huan CFO Says Ended Q1 With Cash And Marketable Securities Of $60B; Q1 Capital Expenditures Totaled $5.77B
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor's CFO, Jen-Chau Huan, announced in a conference call that the company concluded Q1 with $60 billion in cash and marketable securities. Q1 capital expenditures were reported at $5.77 billion.
April 18, 2024 | 3:22 pm
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Taiwan Semiconductor (TSM) reported a robust financial position at the end of Q1, with $60 billion in cash and marketable securities, and capital expenditures of $5.77 billion.
The announcement of a strong cash and securities position, coupled with significant capital expenditures, indicates a healthy financial status and strategic investments by TSM. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in TSM's stock price.
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