TSM's 80% YTD rally highlights its AI-driven growth and innovation, making it a compelling buy for long-term investors.
Should You Buy Taiwan Semiconductor Manufacturing Stock Before Jan. 20?
The Biden administration has finalized a deal to support Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) (TSMC), awarding it up to $6.6 billion in grants under the CHIPS and Science Act, designed to revitalize US manufacturing and reduce dependence on foreign semiconductor supply chains. The funding will support TSMC's $65 billion investment in building three state-of-the-art semiconductor fabs in Phoenix, Arizona, with an additional $5 billion in low-cost loans also included in the deal.
With the tech rally taking things into high gear this year, I'm sure many new retail investors are asking themselves which big name in tech will be next to split.
Taiwan's President Lai Ching-te urged the European Union to sign an economic partnership agreement, emphasising benefits for semiconductor collaboration and democratic solidarity, according to Reuters. Speaking at a Taiwan-EU investment forum in Taipei, Lai highlighted the importance of secure supply chains and mutual resilience in the face of growing authoritarian threats.
Meet the Newest Member of the $1 Trillion Stock Club
The Biden Administration has finalized a $6.6 billion subsidy for Taiwan Semiconductor's new Arizona plant. Transcript: Conway Gittens: A stronger-than-expected retail sales report is letting some air out of the stock market's post-election rally.
TSMC (TSM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The semiconductor maker is getting the money under the Chips Act. The cash will support the company's planned investment of $65 billion to create a production cluster near Phoenix.
Taiwan Semiconductor Manufacturing Co. is being awarded up to $6.6 billion in CHIPS Act funding, the Commerce Department said Friday.
The White House is racing to finish grant agreements for chip manufacturers, but some of its biggest successes might be credited to the Trump administration.
The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co's U.S. unit for semiconductor production in Phoenix, Arizona.