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Why Taiwan Semiconductor Shares Rose 4.1% Today
TSMTSMC(TSM) The Motley Fool·2024-09-24 20:56

The U.S. approved a big new investment in chip plants.Shares of Taiwan Semiconductor (TSM 4.13%) jumped as much as 4.6% in trading on Tuesday on news the U.S. approved an additional 7.5billionofinvestmentforthecompany′sU.S.chipmanufacturingsubsidiary.Sharesclosedthedayup4.17.5 billion of investment for the company's U.S. chip manufacturing subsidiary. Shares closed the day up 4.1%.Investment in the U.S. grows TSMC's global presenceTSMC will invest another 7.5 billion in its U.S. factories, which brings the total investment to $24 billion. The U.S. investment is intended to answer concerns about ...