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Why Taiwan Semiconductor Stock Was Climbing Today

TheMotleyFool

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Why Taiwan Semiconductor Stock Was Climbing TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest semiconductor foundry, were moving higher today after the company (also known as TSMC) beat bottom-line estimates in its fourth-quarter earnings report in a difficult environment for the chip sector.

As of 10:57 a.m. ET on Thursday, the stock was up 6.6%.

Image source: Getty Images.

Source Fool.com

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