- Benzinga
What's Going On With Taiwan Semiconductor Stock On Thursday?
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 m
- South China Morning Post
Chip frenzy: AI promise propels semiconductor shares across Asia
Taiwan Semiconductor Manufacturing Co's (TSMC) value soared by NT$1 trillion (US$30 billion) on Thursday amid a global chip stock frenzy fuelled by artificial intelligence (AI), which has become a key disruptive force in a wide range of industries. The world's biggest contract chip maker's Taipei-listed shares jumped 5.3 per cent to NT$899, hitting their highest listing in 1994. The surge lifted its market capitalisation to over NT$23 trillion, pushing the local benchmark Taiex Index to a record
- South China Morning Post
Tech war: China chip industry event woos fewer exhibitors amid market headwinds, US export restrictions
A key semiconductor industry event in China attracted a smaller number of exhibitors this year, reflecting local market challenges and a desire to stay out of the limelight amid intensified US export restrictions. The sixth edition of the World Semiconductor Conference (WSC), which kicked off Wednesday in Nanjing, the capital of China's eastern Jiangsu province, drew more than 200 exhibitors from a wide range of chip-related applications such as artificial intelligence (AI), automotive, and elec
