Why Taiwan Semiconductor Manufacturing Stock Is Climbing Today

The stock of Taiwan Semiconductor Manufacturing (TSM 0.12%) is seeing modest gains Thursday following the company's recent quarterly release. The semiconductor fabrication leader's share price was up 0.9% as of 3 p.m. ET today and had been up as much as 3.8% earlier in the day.TSMC published its first-quarter results before the market opened this morning. While sales fell slightly short of the market's expectations, the business posted better-than-expected earnings.TSMC delivered an encouraging Q1 report de ...