Why Taiwan Semiconductor Stock Raced Nearly 5% Higher Today

A pair of encouraging news items pushed chipmaking powerhouse Taiwan Semiconductor Manufacturing's (TSM 4.69%) stock notably higher on Wednesday. The company's shares rose by almost 5% in price, handily beating the 0.8% increase of the bellwether S&P 500 index.Taiwan Semi posted encouraging sales for JanuaryThe first item was Taiwan Semi's latest monthly revenue report.The company reported that it earned just under 216 billion new Taiwan dollars ($6.9 billion) in January, which was up significantly on both ...