TSMC shares soar after bullish outlook

TAIPEI (Reuters) – Taipei-listed shares of Taiwanese chipmaker TSMC opened up 6% on Friday after the company projected more than 20% growth in 2024 revenue on booming demand for high-end chips used in artificial intelligence (AI) applications.

The outlook also cheered the broader market, which rose 2%.

(Reporting by Ben Blanchard; Editing by Tom Hogue)