TSMC Investor Conference Reports Good News, ADR Falls 3%; Investment Advisory: Positive Outlook, No Need to Panic in Taiwan Stock Market

Central News Agency (Reporter Chiang Ming-yen, Taipei, April 17) - The four major US stock indexes closed higher, and the Taiwan stock market closed at 37132.02 points on April 16, setting a new high. TSMC's investor conference reported good news, but TSMC's ADR fell 3.13%, and Taiwan index futures fell more than 500 points after hours. Investment advisors analyzed that TSMC's long-term capital expenditure and outlook are better than expected, and the fall in Taiwan stock futures should be a convergence of positive spreads, so there is no need to panic.

Israel and Lebanon agreed to a temporary ceasefire, and US President Donald Trump stated that the US and Iran might hold talks again this weekend. The market believes that the worst of the Middle East war is over. Major US stock indexes closed higher today, with the S&P and Nasdaq setting new highs for the second consecutive day.

The Dow Jones Industrial Average rose 115 points or 0.24%, the S&P 500 index rose 18.33 points or 0.26%, the Nasdaq index rose 86.68 points or 0.36%, and the Philadelphia Semiconductor Index rose 90.06 points or 0.97%.

Nvidia's stock price fell 0.26% to US$198.35, and TSMC's ADR fell 3.13% to US$363.35. Taiwan stock futures fell 506 points in after-hours trading, a decrease of 1.34%, closing at 37143 points.

Driven by strong AI demand, wafer foundry TSMC earned more than two capital shares in the first quarter, and the second-quarter outlook is optimistic, with estimated dollar revenue expected to grow by another 10%. Chairman C.C. Wei reported good news, stating that annual growth will exceed 30%, better than expected. To meet customer demand, TSMC has uncharacteristically expanded 3nm production capacity in Taiwan, the United States, and Japan.

Largan Precision is rumored to be entering the Co-Packaged Optics (CPO) field. Chairman Adam Lin stated that it cannot yet be called CPO, but rather the FAU (Fiber Array Unit) end, and samples are currently being prepared for customer certification.

The Taiwan stock market reached an intraday high of 37135.55 points on April 16, setting a new historical intraday high. It closed up 409.88 points at 37132.02 points, setting a new closing high, with an increase of 1.12% and a transaction amount of NT$886.792 billion. The market value of Taiwan stocks surpassed that of the UK, ranking seventh globally.

Investment advisors analyzed that despite the fall in TSMC's ADR, the long-term capital expenditure and revenue outlook released at TSMC's investor conference were better than expected. The related pullback should be a normal profit-taking phenomenon. The 506-point drop in Taiwan stock futures at closing is estimated to be a convergence of positive spreads compared to spot prices, not a substantial negative, and investors do not need to panic excessively. (Editor: Chang Chun-mao) 1150417

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