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Benzinga
Benzinga
Business
Anusuya Lahiri

Pegatron Chair Calms Taiwan Semiconductor Leak Drama, Says Chip Rivalry Can't Steal Its Edge

Taiwan Semiconductor Semiconductor Taiwan Nvidia Taiwan Semiconductor Manufacturing Company LTD TSM
Taiwan Semiconductor

Nvidia Corp.’s (NASDAQ:NVDA) stronger-than-expected quarterly results ignited a broad rally across semiconductor names, sending key supplier Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) higher in premarket trading on Thursday.

The momentum added to an already robust year for the world’s largest contract chipmaker, which has gained 43% year-to-date on surging demand from Nvidia and Apple Inc. (NASDAQ:AAPL).

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