TSMC shares have almost halved in value since the start of 2023, with capitalisation surpassing $500bn

Taiwanese giant TSMC's market capitalisation has surpassed $500bn. The semiconductor company is poised for growth after a protracted memory market contraction.

Here's What We Know

TSMC plans to cut capital expenditures, but despite this, the market capitalization of the Taiwanese company reached $501 billion. Since the beginning of this year, the stock price has almost doubled one and a half times (+46%).

The growth is mainly due to two factors. Firstly, revenue growth is expected in the artificial intelligence segment. Secondly, the memory market is expected to rebound after a prolonged decline.

Source: Bloomberg