"TSMC says it is actively diversifying its global footprint, although it declined an invitation from India to set up a plant there. Due to efforts to bolster U.S. domestic chip production and reduce reliance on overseas supply chains, TSMC said it plans to drastically increase its investment in U.S. semiconductor manufacturing, including new fabrication plants and advanced packaging facilities in Arizona."
"Investors are of course concerned with future stock performance over the next one, five, or 10 years. Although most Wall Street analysts will calculate 12-month forward projections, it is clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term prognostications irrelevant. 24/7 Wall St. aims to present some farther-looking insights based on TSMC's own numbers, along with business and market development information that may be of help with your own research."
TSMC's shares reached an all-time high of $311.37 following a strong third-quarter report and boosted revenue guidance, with the stock 50.8% higher than six months ago and 53.7% higher year over year, outperforming the Nasdaq. The company is accelerating production at Arizona facilities and reaffirming plans for a Munich chip design center. TSMC is actively diversifying its global footprint, declined an invitation from India, and reports expansion in Japan while considering a fabrication plant in the UAE. TSMC plans to drastically increase U.S. semiconductor investment with new fabs and advanced packaging in Arizona. Market valuation surpassed $1 trillion in July and Wall Street remains optimistic.
#tsmc #semiconductor-manufacturing #us-investment-arizona #global-expansion-japanuaemunich #stock-performance
Read at 24/7 Wall St.
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