Taiwan Semiconductor: Investment plans in the U.S. remain unchanged after the election
In response to questions about Donald Trump's election as the next President of the United States, Taiwan Semiconductor stated in a statement that the company's investment plans in the U.S. remain unchanged. Taiwan Semiconductor is the world's largest chip manufacturer and a major partner of companies such as Apple and NVIDIA. The company will invest $65 billion to build a new factory in Arizona. In April of this year, under a preliminary agreement reached between Taiwan Semiconductor and the U.S. Department of Commerce, the company received $6.6 billion in subsidies for its factory in Arizona. Driven by strong demand for artificial intelligence, Taiwan Semiconductor's stock has performed strongly this year. As of Thursday's market close, Taiwan Semiconductor's stock has risen over 95% year-to-date
According to the Zhitong Finance APP, in response to questions about Donald Trump's election as the next President of the United States, Taiwan Semiconductor (TSM.US) stated in a statement that the company's investment plans in the United States remain unchanged.
Taiwan Semiconductor is the world's largest chip manufacturer and a major partner of companies such as Apple (AAPL.US) and NVIDIA (NVDA.US). The company will invest $65 billion to build a new factory in Arizona, USA. In April of this year, under a preliminary agreement reached between Taiwan Semiconductor and the U.S. Department of Commerce, the company received $6.6 billion in subsidies for its factory in Arizona.
Driven by strong demand for artificial intelligence, Taiwan Semiconductor's stock has performed strongly this year. As of Thursday's close of U.S. stocks, Taiwan Semiconductor has risen over 95% year-to-date