TECH - What's Going On With Taiwan Semiconductor Stock On Thursday? | Benzinga
On Thursday, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) shares hit a record high due to the global AI frenzy.
Additionally, TSMC is in talks with ASML Holding NV (NASDAQ:ASML) to acquire advanced lithography machines, expected by year-end.
Meanwhile, Chinese AI chip firms are designing less powerful processors to comply with U.S. sanctions, underscoring the importance of TSMC.
Recent reports indicated TSMC’s plans to raise the prices of its services.
TSMC also announced a buyback of 3.25 million shares and plans for a $7.8 billion facility in Singapore with Vanguard International Semiconductor ...