One Of Best Traders In Congress Bought And Sold Taiwan Semiconductor Stock Ahead Of CHIPS Act Deal — Here's How Much They Made
Portfolio Pulse from Chris Katje
Taiwan Semiconductor Manufacturing Co (TSM) benefits from the U.S. CHIPS Act with $6.6 billion funding for Arizona plants, boosting its stock. Rep. Josh Gottheimer profited from trading TSM shares around the CHIPS Act announcement. NVIDIA Corporation (NVDA) is also mentioned as a customer of TSM.
April 08, 2024 | 4:23 pm
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POSITIVE IMPACT
NVIDIA Corporation, as a customer of TSM, may indirectly benefit from TSM's enhanced manufacturing capabilities in the U.S.
As a major customer of TSM, NVIDIA stands to benefit from any improvements in TSM's manufacturing capabilities and capacity, especially in the U.S. This could lead to better supply chain efficiency and potentially lower costs for NVIDIA, positively impacting its stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TSM receives $6.6 billion from the CHIPS Act for Arizona manufacturing plants, driving its stock higher.
The significant funding from the CHIPS Act directly benefits TSM by enabling expansion in the U.S., which is likely to enhance its manufacturing capabilities and financial performance, thus positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100