Why Taiwan Semiconductor Manufacturing Company Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (NASDAQ:TSM) have fallen by approximately 2.9% due to concerns over rate hikes and China's crackdown on iPhones. TSMC, a key supplier for Apple, could face revenue impacts if the ban on iPhones in critical Chinese government sectors affects Apple's sales and product demand in China.
September 07, 2023 | 6:19 pm
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TSMC's stock price has fallen due to concerns over rate hikes and China's iPhone ban. As a key supplier for Apple, TSMC could face revenue impacts if Apple's sales and product demand in China are affected.
TSMC's stock price has fallen due to concerns over rate hikes and China's crackdown on iPhones. As a key supplier for Apple, any negative impact on Apple's sales and product demand in China could directly affect TSMC's revenue, given their significant business relationship.
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