TSM - Why Key Apple Nvidia Supplier TSMC's Shares Are Plunging In Wednesday's Premarket | Benzinga
Shares of foundry Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) fell sharply in premarket trading on Wednesday, with the weakness likely due to Republican nominee Donald Trump’s comments regarding the China-Taiwan standoff in an interview with Bloomberg.
Trump said Taiwan took about “100% of our chip business,” referring to the outsourcing of manufacturing by U.S. tech companies to Taiwan-based suppliers. They took almost 100% of our chip industry, I give them credit. That's because stupid people were ...