Artificial Intelligence Frenzy Propels Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co TSM is soaring to new heights, fueled by an artificial intelligence frenzy gripping the market.
U.S. Investment Surge: $65 Billion Commitment Backed by Federal Grant
With a bold move, TSMC has pledged to increase its U.S. investment by over 60%, pushing the total to a staggering $65 billion, supported by a hefty $6.6 billion federal grant.
Making History: World’s Most Advanced 2-nanometer Chips Coming to the U.S.
The ambitious investment will facilitate the production of the most advanced 2-nanometer chips globally on American soil.
Phoenix Rising: Third Chip Manufacturing Facility on the Horizon
TSMC’s plan to build a third chip manufacturing facility in Phoenix, Arizona, by 2030 marks a significant milestone, hailed as the largest foreign direct investment in U.S. history for a greenfield project.
Support Galore: Federal Grant, Loans, and Tax Credits Fuel Expansion
Backed by a substantial federal grant, TSMC is set to receive $5 billion in loans and eligibility for a generous investment tax credit, covering up to 25% of capital expenditures.
Global Footprint: U.S. and Japan Expansion Plans Unveiled
Aside from the U.S. endeavor, TSMC aims to achieve 60% local procurement for its chip manufacturing site in Japan by 2030, highlighting its commitment to global expansion.
Facing Adversity: TSMC Stays Resilient Amid Natural Disasters
Despite facing challenges like the severe earthquake on April 3, TSMC kept its annual revenue forecasts intact, demonstrating resilience and assuring stability in the semiconductor supply chain.
Stock Surge: TSM Stock Up 59% in 12 Months
Investors have witnessed a remarkable 59% surge in TSMC stock over the last 12 months, presenting enticing investment opportunities through funds like VanEck Semiconductor ETF (SMH) and IShares Semiconductor ETF (SOXX).
Price Action: TSM shares climbed 1.09% to $142.90 premarket on Monday, reflecting the positive momentum surrounding the company.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
