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TSMC Pares Gains After $72 Billion Surge to Start the Week

  • Taiwan’s leading company hasn’t succumbed to pandemic slump
  • Intel may turn from rival to customer after production delays
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Taiwan Semiconductor Manufacturing Co. kept up its record-breaking streak Tuesday, briefly becoming the world’s 10th most valuable corporation before paring gains.

Taiwan’s biggest stock was up around 1.2% in Taipei, after rising as much as 9.9% and going beyond $410 billion in value, leapfrogging U.S. giants Johnson & Johnson and Visa Inc. in the process. Daily stock moves are capped at 10% in Taiwan’s equity market.