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BackFocus Stock》TSMC: Not afraid of Huang Renxun’s resignation, soaring more than 2%
Focus Stock》TSMC: Not afraid of Huang Renxun’s resignation, soaring more than 2%
BREAKING
自由时报18 minutes agoBusiness2 min readChinaView original

Focus Stock》TSMC: Not afraid of Huang Renxun’s resignation, soaring more than 2%

TSMCHuidaJen-Hsun Huang

Quick Look

  • Huida CEO Huang Renxun resigned.
  • TSMC is its largest customer, and the market is paying attention to the cooperative relationship between the two parties.
  • TSMC ADR once fell by nearly 2%, but Taiwan stocks rose in early trading on the 13th, with a maximum gain of 2.14%, standing above 2,390 yuan.

AI-generated summary

Why It Matters

Huida CEO Huang Renxun resigned on the 12th. Since Huida is TSMC's largest customer, the market is concerned about whether it will affect the future cooperation between the two parties. Huida's board of directors has announced that Chief Financial Officer Colette Kress will act as interim CEO and has launched the search for a new CEO.

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TSMC's stock price rose by more than 2% today (13th) despite the resignation of Huang Jen-Hsun as CEO of Huida (Reuters)

[Reporter Lin Yiru/Taipei Report] NVIDIA CEO Jen-Hsun Huang resigned on the 12th. Since NVIDIA is the largest customer of TSMC (2330), the market is concerned about whether it will affect the future cooperation relationship between the two parties. Huida's US stock price fell by more than 4% on the 12th, and TSMC's ADR also fell by nearly 2%. However, TSMC's stock price today (13th) was not affected by the news of Huang Renxun's resignation. It rose in early trading, with a peak of 2.14%, standing at 2,390 yuan.

Huida's board of directors has announced that Chief Financial Officer Colette Kress will act as interim CEO and has launched the search for a new CEO. Since Huang Renxun has long dominated Huida's product strategy and AI industry layout, his departure may increase market uncertainty about Huida's future business direction, affecting supply chain manufacturers such as TSMC. However, Huida's board of directors also stated that the company's operations, customer commitments and product roadmap are not expected to be affected, and it is still necessary to observe the handover of the new management team and the continuation of the strategy.

Judging from the trends of the three major legal entities, foreign investors only bought more than 1 trading day the day before yesterday and resold 3,955 contracts yesterday. Investment trust bought more than 120 contracts yesterday, and has been buying for more than 30 consecutive trading days, with a total of 54,000 purchases.

What to Watch

AI outlook — possibilities, not facts

  • The cooperative relationship between TSMC and Huida will continue after the new CEO takes office

    Likely · Within months

Open Questions

  • Candidate and date of appointment of new CEO
  • The specific impact of the new management team on TSMC’s partnership
  • Will there be adjustments to the long-term supply chain cooperation between TSMC and Huida?

Related Topics

TSMC
PeopleJen-Hsun HuangColette KressLin Yiru
OrganizationsHuidaFree Finance
PlacesTaipei
TopicsHuidaJen-Hsun HuangColette KressThree major legal personsforeign capitalPut a letter
This article was originally published by 自由时报.

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