Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
Live Nasdaq Coverage: Nasdaq Composite Eyes Correction, TSM Bucks Downward Trend
The markets are extending yesterday’s tariff-induced sell-off, with all three of the major stock market indices trading deep in the red. The Nasdaq Composite is teetering on correction territory and is only 0.5% away as the tech slump continues. The Trump tariffs are now in effect, including a hefty 25% on Mexico and Canada as well as 20% on China imports. Corporate America is responding amid expectations of retaliatory tariffs that will cut into profits. Taiwan Semiconductor (NYSE: TSM) is bucking the downward trend because it has committed to investing $100 billion in the U.S. on top of its previous commitment of $65 billion in a bid to sidestep tariffs. In a press conference with President Trump, Taiwan Semi CEO C.C. Wei said the company is “producing the most advanced chip made on U.S. soil” in Arizona, where it intends to build another three factories to create the world’s most powerful chips. TSM’s gains are failing to lift broader sentiment, with each of the Magnificent 7 stocks under pressure with the exception of Apple (Nasdaq: AAPL), which is posting fractional gains. Yesterday, Apple CEO Tim Cook teased “something in the Air” that is coming this week. The gold price has been benefiting from the tariff fears and weaker U.S. dollar as investors seek out a hedge of protection asset. The gold price is trading at $2,920 per ounce today. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Down 636.35 (-1.4%) Nasdaq Composite: Down 315.06 (-1.68%) S&P 500: Down 92.68 (-1.58%) Key Points Stocks are in freefall as the Trump tariffs take effect. The tech-heavy Nasdaq Composite is encroaching on correction territory. Taiwan Semi is up on a robust spending plan the CEO outlined for the U.S. market. Market Movers Goldman Sachs has introduced the Goldman Sachs U.S. Large Cap Buffer 3 ETF (GBXC), its latest in a series of funds that are designed to provide downside protection to investors in the current uncertain climate. The buffer fund, as it’s known, will be reset on a quarterly basis and is designed to protect investors against losses between 5% and 15% in the corresponding S&P 500 ETF. Consumer stocks like Hershey (NYSE: HSY), McDonald’s (NYSE: MCD) and PepsiCo (NYSE: PEP) are all gaining ground as investors shift to a risk-off appetite. Tesla (Nasdaq: TSLA) is spiraling nearly 8% on the day as it continues its whipsaw performance of late. Weak China sales are to blame, as the company’s China-manufactured vehicle sales drop to their lowest level in three years. Tesla’s performance is the result of China’s EV pricing wars that have come as a result of heightened competition in the country. The post Live Nasdaq Coverage: Nasdaq Composite Eyes Correction, TSM Bucks Downward Trend appeared first on 24/7 Wall St..
Will TSMC escape tariffs with pledge for $100B in U.S. chip manufacturing plants?
It's been a whirlwind of news on the tariff front and Taiwan has avoided tariffs for now. But the timing of a $100 billion commitment by TSMC to build chip manufacturing plants in the U.S. may have helped.
TSMC Stock: If You Were Waiting For A Discount, Here It Is
TSMC stock has faltered recently as tariff cause a market panic. The company maintains a dominant position in the high end of the semiconductor sector that looks rock solid. Despite short-term volatility and geopolitical tensions, TSMC's strong cash reserves and minimal debt position it well to weather economic downturns.
Why Taiwan Semiconductor Manufacturing Stock Was Bucking the Market Trend and Moving Higher Today
On a day when stocks were falling broadly in response to President Donald Trump's imposition of new tariffs on Canada, Mexico, and China, Taiwan Semiconductor Manufacturing (TSM 2.35%) was one of the rare stocks posting gains.
Taiwan Semiconductor Announces $100 Billion Investment in the U.S.
The Trump administration, in conjunction with the TSM CEO, announces a $100 billion investment in the U.S. by the chipmaking giant.
Taiwan to review TSMC investment in US, cabinet spokesperson says
Taiwan's cabinet spokesperson said on Tuesday that the government will take into account TSMC's development and Taiwan's position in the global chips industry when reviewing the chip foundry's investment plans in the United States.
TSMC shares open lower following announcement of $100 billion investment in US
TSMC shares opened down 2.25% on Tuesday after the world's largest contract chipmaker said it will invest $100 billion in the United States.
TSMC Plans to Invest $100B in US Chip Manufacturing, CEO C.C. Wei and Trump Announce
Chipmaking giant Taiwan Semiconductor Manufacturing Company (TSM) plans to invest $100 billion in U.S.-based chip manufacturing facilities, CEO C.C. Wei announced alongside President Trump on Monday.
Trump announces $100 billion investment in U.S. by TSMC
President Donald Trump on Monday announced a $100 billion investment in the U.S. by chip manufacturer Taiwan Semiconductor Manufacturing Company.
Buy Taiwan Semiconductor (TSM) Stock for Expansion Plans in the U.S.?
Taiwan Semiconductor (TSM) is making headlines on Monday, with the chip giant set to invest $100 billion for manufacturing plants in the United States.
Chip giant TSMC to invest $100B in US manufacturing
Taiwan Semiconductor Manufacturing Co. is expected to announce a $100 billion investment in the U.S. at the White House that would bring more semiconductor manufacturing to the country.
Trump Says TSMC Plans to Invest $100 Billion in the US
President Donald Trump announces that Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in the US, in addition to its previous commitment of $65 billion. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: Click Here -------- More on Bloomberg Television and Markets Like this video?
