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The first trading day of 2022 was a breakout one for . American depositary shares of the key chip maker had its best day since July 2020 on Monday.

TSMC (ticker: TSM) ADRs rose 7.1% to close at $128.80—good for its biggest percentage gain since July 29, 2020, according to Dow Jones Market Data.

Taiwan Semiconductor Stock Surges on First Trading Day of 2022 comes via ChinaTechNews.com.