Thanks to the rebound of chip stocks, the global wafer foundry Giant TSMC has recaptured the throne of Asia's largest company in Asia from Tencent Holdings.
According to Bloomberg Monday (May 22), TSMC's stock price has risen by about 6%since May, which has reached the company's market value to nearly $ 450 billion (about S $ 605.8 billion).This is due to the continuous fanaticism of artificial intelligence in the world, as well as a large number of incentive measures provided by Japan and other countries to promote local chip manufacturing.
Tencent's stock price is organized in the sideways of Hong Kong this month. Part of the reason is that advertising sales are disappointing, and the original market expected that Tencent's stock price can be re -opened by China.
Bloomberg industry research analyst Charles Shum pointed out that the recovery of server chip demand in the second half of this year and the launch of new products Apple company should become TSMC's stock price catalyst this year.
