Browsing: TSMC

Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas

Taiwan Semiconductor Manufacturing Company’s (TSM) shares fell 4% as strong quarterly results from the contract chipmaker did little to lift sentiment around the AI trade amid a deepening sector-wide sell-off.

Taiwan Semiconductor Manufacturing (NYSE:TSM), popularly known as TSMC, has been one of the biggest beneficiaries of the global chip boom, primarily due to its position as the largest semiconductor foundry that manufactures chips for major consumer electronics companies and chip designers that serve multiple end markets.

TSMC (TSM) closed the most recent trading day at $472.78, moving +2.96% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.

New managed-cloud service lets smaller design teams tap TSMC’s advanced nodes without building their own secure infrastructure.