TSMC shares up on price increase; company declines to comment

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focustaiwan.tw, Aug. 25, 2021 – 

Taipei, Aug. 25 (CNA) Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) rose Wednesday morning after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.

Asked by CNA for comment on the reports, TSMC said the company never responds to any speculation on product price adjustments.

As of 11:02 a.m., shares of TSMC, the most heavily weighted stock in the local market, had risen 1.75 percent to NT$582.00 (US$30.54), driving gains in the market's weighted index, the Taiex, which was up 0.79 percent at 16,952.02.

The stock got a boost soon after the market opened from the reports, which said earlier Wednesday that TSMC will raise prices across the board.

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