Taiwan Semiconductor Manufacturing Co shares are trading higher following a report suggesting the U.S. will allow South Korean and Taiwan chip manufacturers to keep their operations in China.
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing Co (TSM) shares are trading higher following a report suggesting the U.S. will allow South Korean and Taiwan chip manufacturers to keep their operations in China.
June 12, 2023 | 3:26 pm
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POSITIVE IMPACT
TSM shares are trading higher as the U.S. is reportedly allowing South Korean and Taiwan chip manufacturers to keep their operations in China.
The news that the U.S. will allow South Korean and Taiwan chip manufacturers to keep their operations in China is positive for TSM, as it removes potential regulatory hurdles and allows the company to maintain its presence in the Chinese market. This is likely to have a positive short-term impact on TSM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100