TECH - What's Going On With Taiwan Semiconductor Manufacturing Stock Monday? | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Samsung Electronics, leaders in the semiconductor industry, emphasize their latest chip production facilities in their home countries, Taiwan and South Korea, respectively, despite expanding their operations to the U.S., Japan, and other locations.
TSMC is a key contract chip supplier for leading companies. The stock is trading higher on Monday as it continues to ride on the artificial intelligence frenzy.
The key Nvidia Corp (NASDAQ:NVDA) supplier announced plans to construct fabs for 2-nanometer chips in Taiwan’s Hsinchu and Kaohsiung cities, with mass production aimed for 2025.
Similarly, Samsung, also a critical Nvidia supplier, disclosed a significant investment in a semiconductor project near ...