Why Taiwan Semiconductor Stock Fell Today

The U.S. government said the company's AI chips can't go to China. Shares of Taiwan Semiconductor (TSM -3.55%), a semiconductor manufacturer, fell today after Reuters reported that the U.S. Commerce Department told the company to stop sending its advanced chips to China, effective immediately. TSM's stock was down by 3.56% as of 4 p.m. ET. The U.S. is restricting chips to China The U.S. government has been cracking down on chipmakers exporting processors to China that are used for artificial intelligence (A ...