TECH - What's Going On With Taiwan Semi Stock On Friday? | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) received government approval to inject an additional $10.26 billion to finance the construction of its second fab in Kumamoto, Japan, and a second fab in Arizona using advanced process technologies.
The Department of Investment Review approved TSMC’s investment applications, the Taipei Times reports. TSMC stock is trading higher on Friday.
TSMC makes its most advanced chips domestically, operates its research-and-development center in Taiwan, and maintains most of its capacity there.
TSMC is a key Nvidia Corp (NASDAQ:NVDA) supplier and has led the global foundry revenue, holding a ...