Taiwan Semiconductor Mfg. Co. Ltd. (TAI: 2330) has secured $6.6 billion funding from the U.S. Commerce Department. Its shares are advancing in premarket.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.TSMC boosts planned investment in Arizona Copy link to section On Monday, the multinational based out of Hsinchu, Taiwan said it now plans on investing over $65 billion in the United States including a third fab in Arizona by 2030. Its initial commitment ...

Taiwan Semiconductor Manufacturing Co. facility under construction in Phoenix, Arizona, ... [+] Photographer: Caitlin O'Hara/Bloomberg© 2022 Bloomberg Finance LP The Department of Commerce CHIPS Program Office announced a $6.6 billion grant to the Taiwan Semiconductor Manufacturing Company (TSMC) this morning. As part of the announcement, the company said it will build a third semiconductor chip fab in Arizona, and that it will also bring its most advanced manufacturing processes to the U.S. This is on top ...

U.S. Secretary of Commerce Gina Raimondo testifies during the House Science, Space and Technology Committee hearing titled "Chips on the Table: A one year review of the CHIPS and Science Act," in the Rayburn Building in Washington, D.C., on Sept. 19, 2023.TSMC's Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Joe Biden administration on Monday. The funding, under the US CHIPS and Science Act, will support TSMC's more than $65 ...

TSM Stock: Is This The True Winner of the AI Race?TSM’s stock has gained nearly 40% this year which is about half of NVIDIA has returned. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.TSM Stock: Is This the True Winner of the AI Race?During the great AI rally of 2024, we’ve seen a lot of stocks come out as winners. Leading the pack has been NVIDIA (NASDAQ: NVDA) which has est ...

BING-JHEN HONG/iStock Editorial via Getty Images Introduction I wanted to come back to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) to see how it has progressed through 2023, which was arguably a very tough environment for many semiconductor companies. Unsurprisingly, TSMC's profitably took a hit, but we are seeing a resurgence in revenue growth. I believe that the future is very bright for TSM, due to the AI hype that other prominent players in the industry are leading the demand for AI-ca ...

The semiconductor specialist shared some good news in the wake of a catastrophic earthquake.Shares of Taiwan Semiconductor Manufacturing (TSM 1.57%) were climbing on Thursday, jumping as much as 3.4%. As of 11:47 a.m. ET, the stock was still up 1.5%.In the wake of a massive earthquake that struck the island nation earlier this week, the semiconductor specialist shared some positive news with investors.A relief rallyThe most powerful earthquake in more than 25 years struck Taiwan early on Wednesday. Taiwan S ...

The 7.4-magnitude earthquake that shook Taiwan on Wednesday morning likely will result in minimal disruption to production at the world's largest contract chipmaker, Taiwan Semiconductor Manufacturing (TSM), better known as TSMC. But the disaster renews concerns about having too much leading-edge semiconductor manufacturing located in one region.X TSMC said it had halted operations after the quake but planned to resume production overnight into Thursday morning."There is no damage to our critical tools incl ...

Just before midnight today (in GMT), an earthquake with a magnitude of 7.5 on the Richter scale hit Taiwan, killing at least nine and making waves in the financial markets.But it is the semiconductor companies stock prices which could be shaken mot, according to experts. We spoke to Joseph Dahrieh, managing principal at Tickmill, for his views. Edited excerpts: What short-term effects will the Taiwan earthquake and tsunami warnings will have on the markets? Copy link to section The earthquake has raised con ...

The foundry giant sits on a secular growth opportunity and it's supercharging the expansion of the semiconductor market.Taiwan Semiconductor Manufacturing (TSM -0.90%) shares have already delivered impressive gains of 30% in 2024, outpacing the S&P 500's 10% jump by a wide margin. The good news for investors is that the company, popularly known as TSMC, looks capable of sustaining its robust stock market run over the next three years as well.Let's see why that's likely to be the case and why investors would ...

BING-JHEN HONG/iStock Editorial via Getty Images We previously analyzed Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) lackluster performance in H1 2023 (-8.6% growth) stemming from sluggish shipment growth and reduced orders from major clients. The global semiconductor industry downturn further impacted TSMC with end market weakness across PC, smartphone and server markets but with a second-half recovery anticipated, leading to our flattish revenue growth forecasts of -0.13% revenue gr ...