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Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) posts strong earnings

News Snapshot:

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM), the world’s biggest contract chipmaker and a lead supplier for Apple Inc., stock rose 2.12% (As on July 15, 10:57:35 AM UTC-4, Source: Google Finance) after the company in the first quarter of FY 22 has reported the biggest quarterly profit jump in two years and said it was “highly confident” heading into the second half of the year. The earnings for the three months ending in June surged 76.4% from last year to just under $8 billion, with revenues rose 36.6% to $18.16 billion. The industry bellwether said third quarter sales could come…

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