TSMC Stock Drops Almost 2% As It Won’t Be Initiating Share Buybacks or a Split Anytime Soon
TSMC’s C.C. Wei, who on Tuesday became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery.Wei starts his chairmanship during a week when Taiwan is in the spotlight. Many of the world’s biggest tech executives gathered at Computex in Taipei, including Nvidia’s Jensen Huang, Intel Corp.’s Pat Gelsinger and Advanced Micro Devices Inc.’s Lisa Su.TSMC convened its shareholder meeting th