Taiwan Business Quick Take
TSMC market value falls
The market value of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday fell below NT$15 trillion (US$536.6 billion) after technology stocks fell on US markets overnight. TSMC shares closed down 3.06 percent at NT$571, reducing its market capitalization to NT$14.8 trillion. It was the first time that TSMC saw its market value fall below NT$15 trillion since March 25, Taiwan Stock Exchange data showed. TSMC on Monday reported that revenue last month fell 13.8 percent monthly to NT$111.32 billion, but rose 16 percent annually. In the first four months of the year, cumulative revenue rose 16.5 percent annually to NT$473.73 billion, it said.