TSMC hit a new sky-high price of 1,435 yuan, and its market value exceeded 37 trillion yuan

Wafer foundry TSMC’s American Depositary Receipts (ADRs) broke through the $300 level for the first time, closing at $302.4, up $10.21, or 3.49%. TSMC's stock price rose simultaneously today, reaching NT$1,435 in early trading, setting another sky-high price, with its market value exceeding NT$37 trillion.

Advanced Micro Devices (AMD) and OpenAI have reached a long-term supply agreement for artificial intelligence (AI) chips, which is expected to bring in tens of billions of dollars in revenue every year, and has granted OpenAI warrants to purchase up to about 10% of AMD shares. Super Micro's stock price soared by US$39.04, breaking through the US$200 level and closing at US$203.71, an increase of 23.71%.

TSMC is the main foundry of ultra-micro wafers. The market is optimistic that TSMC's operations are expected to benefit, which encouraged TSMC's American Depositary Receipts (ADR) to rise by US$10.21 to close at US$302.4, an increase of 3.49%.

TSMC’s stock price rose simultaneously today, reaching 1,435 yuan in early trading, up 35 yuan. Its market value exceeded the NT$37 trillion mark, reaching 37.21 trillion yuan, contributing 281 points to the market.