TSMC Stocks Rise 2.5% as Its $53.3 Billion Sales Target Tests Margins

TSMC, the contract chip manufacturer NYSE:TSM, faces a demanding fourth-quarter test: turn another $6.58 billion in quarterly sales into stronger profits while margins narrow. Its U.S. depositary shares traded at $422.78, up nearly 2.5%, at approximately 12.50 p.m. ET on October 19. Demand looks st…