Here's Why Taiwan Semiconductor Stock Surged in March

The company's sales data confirms a recovery is in place for the semiconductor industry.Shares in Taiwan Semiconductor Manufacturing Co. (TSM 1.01%) rose by 12.9% in March, according to data provided by S&P Global Market Intelligence. The move comes in a highly eventful period for the company.Earthquakes in Taiwan, the announcement of a major expansion in Arizona, and the news that its rival and customer, Intel, is suffering multibillion-dollar losses in its foundry business have all hit the newswires recen ...