Why Taiwan Semiconductor Manufacturing (TSM) Shares Are Trading Higher Monday
Portfolio Pulse from Erica Kollmann
Taiwan Semiconductor Manufacturing Co. (TSM) shares are trading higher following a report that the US will allow South Korean and Taiwan chip manufacturers to maintain and expand their operations in China without penalty from US export controls.
June 12, 2023 | 4:25 pm
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TSM shares are trading higher as the US allows the company to maintain and expand its operations in China without penalty from export controls.
The news that the US will allow Taiwan Semiconductor and other major semiconductor manufacturers to maintain and expand their operations in China without penalty from export controls is positive for TSM. This decision removes a potential barrier to growth and allows the company to continue its operations in a key market. As a result, TSM's stock price is likely to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100