TSM - Why Taiwan Semiconductor Manufacturing Company Shares Are Falling | Benzinga
Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ: TSM) shares are trading lower by roughly 2.9% to $89.56 Thursday afternoon. Semiconductor and chip stocks have dropped amid tech sector weakness, fueled by rate hike concerns post-U.S. jobs data. China's iPhone crackdown and Huawei's 5G Kirin 9000s chip-powered smartphone have added pressure to several sector stocks.
TSMC is a major semiconductor foundry and one of Apple's key suppliers. ...