TECH - What's Going On With Taiwan Semiconductor Stock On Wednesday? | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plays a crucial role as some Chinese AI chip firms design less powerful processors to comply with U.S. sanctions.
The U.S. imposed export controls on advanced processors and manufacturing equipment to hinder China’s military AI advancements. This affected companies like Nvidia Corp (NASDAQ:NVDA) and limited TSMC’s production capabilities due to its use of U.S. tools.
Meanwhile, the key Nvidia supplier looks to boost prices of its services to tap the AI frenzy. The stock price of TSMC is trading higher Wednesday.