"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. Reportedly, it is also expanding its presence in Japan, as well as considering constructing an advanced chip fabrication plant in the UAE."
"Shares of Taiwan Semiconductor Manufacturing Co. Ltd. ( NYSE: TSM), AKA TSMC, recently hit an all-time high of $311.37, after a strong third-quarter report with boosted revenue guidance. TSMC has accelerated its production plans at its Arizona facilities and reaffirmed its plans for a new chip design center in Munich. The stock is up 2.8% in the past month. The share price is 84.2% higher than six months ago and 44.7% higher year over year, outperforming the Nasdaq in both timeframes."
TSMC shares reached an all-time high of $311.37 after a strong third-quarter report and boosted revenue guidance. Production in Arizona was accelerated and a new chip design center in Munich was reaffirmed. The stock rose 2.8% in the past month, 84.2% over six months, and 44.7% year-over-year, outperforming the Nasdaq. TSMC is diversifying its global footprint while declining an invitation from India. The company plans to drastically increase U.S. investments with new fabrication plants and advanced packaging facilities in Arizona, is expanding in Japan, and is considering a fabrication plant in the UAE.
Read at 24/7 Wall St.
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