Taiwan Semiconductor Manufacturing Company (NYSE: TSM)
Taiwan Semiconductor Manufacturing Company, or TSMC, plans to invest an additional US$100 billion in US plants to boost its chip output. The world’s largest artificial intelligence (AI) chip manufacturing company is doing this to support President Trump’s goal of increasing domestic production of microchips. TSMC CEO C.C. Wei accompanied Trump at the White House recently to unveil the company’s plans to expand its US footprint. This spending is in addition to the US$65 billion that TSMC has committed to the US and could create thousands of new jobs for Americans. TSMC is the main chip manufacturing partner for companies such as Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL). The company’s first plant in Arizona is up and running, and early production yields have surpassed the yields for its factories back in Taiwan....Welcome to this week’s edition of top stock market highlights.
