This is actually a positive signal

1. TSMC is confident that it doesn't need share buybacks or spilts to increase shareholder's value because the natural demand will speak for itself

2. Requires cash for future growth and to meet growing demand

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
TSMC Stock Drops Almost 2% As It Won’t Be Initiating Share Buybacks or a Split Anytime Soon

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet