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TSMC shares fall amid spreading memory market concerns

TIKR ·

TSM Taiwan Semiconductor Manufacturing ADR
$445.12 +0.17%
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SKHY -3.19%
  1. 1TSMC opened at NT$2,500 in the Taipei market on Tuesday.
  2. 2SK hynix shares fell approximately 9%.
  3. 3CEO C.C. Wei said during the second quarter earnings release that he is very envious of the 86% gross margin of memory companies.

So what's the key point?

TSMC shares fell from the start of trading and SK hynix shares also dropped by about 9%. Market concerns spread following a CEO's comment regarding the high profit margins of memory companies.

Source TIKR · View original ↗

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