TSMC Seeks Permanent US Approval As Geopolitical Tensions Rise, Aims to Secure Chip Supplies
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSMC) is seeking permanent approval to ship U.S. chip equipment to its facility in Nanjing amid rising U.S.-China geopolitical tensions. The company, which supplies Nvidia Corp and Apple Inc, won a one-year license in 2022 to continue receiving U.S. equipment support for its chip facility. The U.S. has restricted China's access to American semiconductor technology, citing national security concerns, and looks to tighten its semiconductor sanctions against China further.
October 13, 2023 | 12:13 pm
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POSITIVE IMPACT
As a supplier to Apple, TSMC's move to secure permanent approval for shipping U.S. chip equipment could ensure a steady supply of chips, potentially having a positive impact on Apple's operations.
TSMC is a supplier to Apple. If TSMC secures permanent approval for shipping U.S. chip equipment, it could ensure a steady supply of chips, which could potentially have a positive impact on Apple's operations and its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
As a supplier to Nvidia, TSMC's move to secure permanent approval for shipping U.S. chip equipment could ensure a steady supply of chips, potentially having a positive impact on Nvidia's operations.
TSMC is a supplier to Nvidia. If TSMC secures permanent approval for shipping U.S. chip equipment, it could ensure a steady supply of chips, which could potentially have a positive impact on Nvidia's operations and its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
TSMC's move to secure permanent approval for shipping U.S. chip equipment to its Nanjing facility could ensure uninterrupted supply, potentially boosting its stock in the short term.
TSMC's move to secure permanent approval for shipping U.S. chip equipment to its Nanjing facility is a proactive measure to ensure uninterrupted supply amid rising U.S.-China tensions. This could potentially boost investor confidence and positively impact its stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100