TSMC ushered in its darkest October. According to US stock data, TSMC still fell 15% in the past five trading days after its stock price was halved, and its market value fell from the highest peak of US$750 billion at the beginning of the year to US$330 billion. Market value evaporated by 56%.
Alibaba latest market value is US$200.5 billion, which is equivalent to TSMC's market value dropping by 2 Alibaba in more than half a year.
TSMC performed similarly in the Taiwan stock market. Its market value plummeted 8.3% on October 11, and its single-day market value evaporated by NT$946.4 billion , , setting the highest single-day decline in 28 years since its listing in 1994.
At the same time, TSMC's performance is the best in the same industry. Data shows that TSMC's revenue in August was NT$218.1 billion, a month-on-month increase of 16.8%, and increased by 58.7% year-on-year. Total revenue in the first eight months was NT$1.43 trillion, a year-on-year increase of 43.5%.
market research institution IC Insights pointed out that TSMC is expected to surpass Samsung and Intel , as the world's number one semiconductor manufacturer for the first time.
's performance has grown rapidly and its stock price has collapsed sharply because of various unreasonable policies in the United States that have allowed the capital market to vote with its feet.
commented, "The United States has destroyed too many principles of trade freedom, affected too many innocent people, and even blocked the circulation and development of the global economy. In this regard, the Biden administration's mistakes are no less than those of the Trump administration. Technological progress helps the common welfare of mankind, but the United States does not hesitate to damage the technology industry for its own hegemony, and the act of roughly hurting TSMC is even more unforgivable." (C114 Nanshan)
