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 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.
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.
The Trump administration, in conjunction with the TSM CEO, announces a $100 billion investment in the U.S. by the chipmaking giant.
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 opened down 2.25% on Tuesday after the world's largest contract chipmaker said it will invest $100 billion in the United States.
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.
President Donald Trump on Monday announced a $100 billion investment in the U.S. by chip manufacturer Taiwan Semiconductor Manufacturing Company.
Taiwan Semiconductor (TSM) is making headlines on Monday, with the chip giant set to invest $100 billion for manufacturing plants in the United States.
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.
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?
Taiwan Semiconductor CEO C.C. Wei speaks with President Trump on further investing into the U.S.