Here's Why Taiwan Semiconductor Stock Surged in March
Shares in Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) rose by 12.9% in March, according to data provided by S&P Global Market Intelligence. The move comes in a highly eventful period for the company.
Earthquakes in Taiwan, the announcement of a major expansion in Arizona, and the news that its rival and customer, , is suffering multibillion-dollar losses in its foundry business have all hit the newswires recently.
While these events hit the headlines, it's easy to forget that the semiconductor market is recovering this year. The good news is that Taiwan Semiconductor's monthly sales data confirms that. For reference, the data for February was released in March.
Source Fool.com
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