Gate News message, April 24 — Taiwan Semiconductor Manufacturing Co. (TSMC) shares reached an all-time high for the second consecutive day, driven by two major catalysts: Taiwan’s regulator announced plans to relax restrictions on domestic fund holdings in single stocks, and TSMC reported strong first-quarter earnings with profit growth of 58% year-over-year.
Shares surged 5% on Friday following another record close on Thursday. The regulatory change allows domestic equity funds and actively managed ETFs focused on Taiwanese stocks to allocate up to 25% of assets into any listed company with a weighting above 10% on the Taiwan Stock Exchange, up from the previous 10% cap. Since TSMC dominates the local market, the proposed rule change is expected to unlock additional investment capacity.
TSMC’s first-quarter net income reached 572.48 billion new Taiwan dollars (approximately $18 billion USD) for the three months ended March, marking the fourth consecutive quarter of record profit. The company’s advanced chip demand remains robust, driven by sustained customer orders from major clients including Apple and record growth in artificial intelligence applications, where TSMC manufactures processors for Nvidia, its largest customer.
Beyond financial results, TSMC expanded its strategic partnerships and advanced its technology roadmap. The company deepened collaboration with Siemens to integrate AI-powered automation into semiconductor design workflows, including support for TSMC’s latest process nodes. At its 2026 North America Technology Symposium on April 22, TSMC unveiled A13, its latest advanced process technology offering 6% area savings over A14 and scheduled for 2029 production. The company also introduced A12, an A14 enhancement with backside power delivery for AI and high-performance computing, and N2U, a new 2nm option with 3-4% speed improvements or 8-10% lower power consumption, due in 2028.
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