Wall Street sets TSM stock price for the next 12 months

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) experienced a notable uptrend following the Biden administration’s announcement of financial backing, totaling up to $11.6 billion. This support aims to bolster TSM’s chip production in the U.S., with a substantial portion, up to $6.6 billion, allocated as grants. Coupled with loans and tax credits totaling $5 billion, TSM commits to investing $65 billion in American operations, according to a Bloomberg report on April 8.Additionally, J.P. Morgan, an Am ...