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Taiwan Semi Puts Up Strong First Quarter, Gives Cautious Outlook

publication date: Apr 18, 2024
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Image: Taiwan Semiconductor’s shares have rallied considerably since the October 2022 bottom. 

Taiwan Semiconductor put up decent first quarter 2024 results, and its outlook for the second quarter of the year was healthy, albeit not as strong as some investors might have liked. We like its pure-play foundry business, and while there was some cautious commentary on the conference call, we’re sticking with Taiwan Semiconductor as an idea in the ESG Newsletter portfolio.

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