Semiconductor Stock Brushes Off Quarterly Beat
An earthquake in Taiwan led the company to scrape some of its wafersTaiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) stock was last seen down 4.8% at $132.30, despite the semiconductor giant surpassing first-quarter earnings and revenue expectations. Today's losses follow an earthquake in Taiwan earlier this month that led the company scrape some of its wafers, though it caused no structural damage.The security earlier hit its lowest level since early March, and could today settle below the 60-day moving avera ...