Taiwan Semiconductor Posts Stronger-Than-Expected June Sales

Licensing

Taiwan Semiconductor Manufacturing (TSM) on Monday posted sales for the month of June that beat expectations. TSM stock wavered in early trading. The world's top contract chipmaker, better known as TSMC, said its sales rose 67.9% year over year to nearly 443 billion new Taiwan dollars ($13.99 billion) last month. Analysts were expecting sales of about 438 billion new Taiwan…