TSMC shares hit record high, total market value reaches $2.5 trillion
In short
TSMC's Taiwan-listed shares closed at a record NT$2,575 on Oct 5, up 3%, lifting its market value to about NT$66.78 trillion, IT Home reported. In US trading the stock rose more than 1.7% intraday to $481.14 a share, with total market value of US$2.5 trillion, according to CLS and Jiemian. The Taiwan weighted index also closed at a record 49,712.04, up 2.55%.
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TSMC's Taiwan-listed shares closed at a record NT$2,575 on Oct 5, up 3%, after reaching NT$2,580 during the session, IT Home reported. The company's market value rose to about NT$66.78 trillion, or roughly RMB 14.06 trillion at current exchange rates, the report said. [ 1 ]
In US trading, the stock rose more than 1.7% intraday with total market value reaching US$2.5 trillion, according to CLS and Jiemian; Jiemian put the price at US$481.14 a share. Yicai also reported a record high. The documents do not reconcile the two market value figures, and it is not stated whether they refer to different listings. [ 2 , 3 , 4 ]
The wider Taiwan market also set records. The weighted index closed at 49,712.04, up 1,236.30 points or 2.55%, taking its gain this year to 71.6%, IT Home said. TAIFEX index futures briefly passed the 50,000 mark, reaching 50,097 at their high. Delta Electronics closed at NT$2,005, up 6.37%, and MediaTek at NT$5,165, up 4.34%. [ 1 ]
IT Home attributed the market's opening gains to a higher close in US markets on Friday, with TSMC's ADR up 2.96%. The outlet also said market talk circulated that Elon Musk is negotiating a “Terafab” project with TSMC to help operate a wafer fab in Texas, and that Musk has confirmed the two sides are in talks. No further details of the project appear in the documents. [ 1 ]
On fundamentals, IT Home reported TSMC's August consolidated revenue at NT$514.806 billion, up 10.1% from July and 53.32% from a year earlier — a fourth consecutive monthly record and the first time it has passed NT$500 billion. Cumulative revenue for the first eight months was NT$3.38687 trillion, up 39.26% year on year. TSMC is due to publish September revenue on Oct 8, and institutional investors expect third-quarter revenue to exceed the high end of its guidance. [ 1 ]
Why it matters
TSMC is a bellwether for the semiconductor supply chain, and a record valuation backed by four straight months of record revenue signals continued strength in chip demand. Market talk of a Musk-linked “Terafab” project at a Texas fab, if confirmed, would tie the company more closely to US production. The documents give no further detail on that project, so its scope and impact remain unknown.
Key facts
- TSMC's Taiwan-listed shares closed at NT$2,575 on Oct 5, up 3% and a record high, after touching NT$2,580 intraday. [ 1 ]
- The market value of the Taiwan listing rose to about NT$66.78 trillion, or roughly RMB 14.06 trillion at current exchange rates. [ 1 ]
- In US trading, TSMC rose more than 1.7% intraday to $481.14 a share, with total market value of US$2.5 trillion. [ 2 , 4 ]
- The Taiwan weighted index closed at a record 49,712.04, up 1,236.30 points or 2.55%, and up 71.6% this year; TAIFEX index futures briefly passed 50,000 points. [ 1 ]
- TSMC's August consolidated revenue was NT$514.806 billion, up 10.1% month on month and 53.32% year on year, a fourth consecutive monthly record. [ 1 ]
- IT Home said market talk circulated that Elon Musk is negotiating a “Terafab” project with TSMC to help operate a wafer fab in Texas, and that Musk confirmed the talks. [ 1 ]
- TSMC is due to report September revenue on Oct 8, with institutional investors expecting third-quarter revenue above the high end of guidance. [ 1 ]
Confirmed by several sources
Still unclear
- Market value figures differ between reports: about NT$66.78 trillion for the Taiwan listing versus US$2.5 trillion. IT Home gives the figure in New Taiwan dollars for the local listing, while CLS and Jiemian give US$2.5 trillion without saying which listing the figure covers; the documents do not reconcile them.
- The reported gain differs: 3% at the Taiwan close versus more than 1.7% intraday in US trading. The documents refer to different markets and do not state whether the two moves are directly comparable.
- Elon Musk's “Terafab” talks with TSMC. Described by IT Home as market talk, with Musk said to have confirmed negotiations; no other document mentions it and no terms, timing or scope are given.
- Whether third-quarter revenue will exceed the high end of guidance. IT Home attributes this to institutional investors as an expectation, not a company statement; the September revenue figure is due Oct 8.
What local media are saying
Timeline, local time
- TSMC's Taiwan-listed shares close at NT$2,575, up 3% and a record high; the Taiwan weighted index closes at 49,712.04, up 2.55%. [ 1 ]
- IT Home publishes its report on the record close, the Taiwan market's gains, TSMC's August revenue and the Musk “Terafab” talks. [ 1 ]
- CLS reports TSMC rose more than 1.7% intraday and its total market value reached US$2.5 trillion. [ 2 ]
- Yicai reports TSMC's share price hit another record. [ 3 ]
- Jiemian reports the stock at US$481.14 a share, up more than 1.7% intraday, with total market value of US$2.5 trillion. [ 4 ]