RTTNews | Jan 3, 2022 10:33AM EST

10:33 Monday, January 3, 2022 (RTTNews.com) - Chinese chip-making company Taiwan Semiconductor Manufacturing Company Limited (TSM) is trading 6% higher on the opening day of the year despite no stock-related news from the company to drive the shares. Meanwhile, market experts believe a strong growth for the semiconductor industry this year. A recent report from CNBC says that Euler Hermes experts expect the chipmaking industry to continue to blossom in the pandemic-ridden world. The firm expects the industry to grow another 9% and cross $600 billion in 2022 after its 26% jump in 2021. TSM is currently trading at $127.96, up $7.65 or 6.36% since the previous close at $120.31. The stock opened at $124.12 in the morning. In the 52-week period, the stock has traded between $107.58 and $142.20.

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