Taiwan Semiconductor Manufacturing shares are trading higher following reports suggesting the company received government approval for an additional $7.5 billion infusion into its Arizona unit.
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor Manufacturing (TSM) shares rose after reports of a $7.5 billion government-approved investment in its Arizona unit.
September 24, 2024 | 7:54 pm
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Taiwan Semiconductor Manufacturing (TSM) shares increased following news of a $7.5 billion investment approval for its Arizona unit, indicating positive market sentiment.
The approval of a significant $7.5 billion investment in TSM's Arizona unit is likely to enhance its production capabilities and market position in the U.S., leading to a positive short-term impact on its stock price.
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