- Taiwan Semiconductor Manufacturing Co Ltd TSM has won significant orders demanding its sub-7nm process manufacturing from major U.S. vendors, DigiTimes Asia reports.
- TSMC's advanced chip plant debut in the U.S. got deferred by three to six months, mainly due to a labor crisis.
- TSMC also decided to expand its chip plant under construction in Japan with Sony Semiconductor Solutions Corporation with an extra $1.6 billion in spending.
- The chipmaker topped Q4 consensus backed by robust demand for its industry-leading 5-nanometer technology.
- Price Action: TSM shares traded lower by 0.47% at $118.75 in the market session on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
