What's Going On With Taiwan Semiconductor Stock On Wednesday? (UPDATED)
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Company (TSMC) has halted chip shipments to two developers over potential links to Huawei, raising compliance concerns. Bitmain, a major bitcoin mining hardware manufacturer, faces supply disruptions due to suspicions of breaching U.S. sanctions. TSMC's stock fell 4.3% following criticism from Donald Trump, who accused Taiwan of weakening the U.S. chip industry.
October 30, 2024 | 4:42 pm
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Taiwan Semiconductor Manufacturing Company (TSMC) halted chip shipments due to potential links to Huawei, raising compliance concerns. This action could impact TSMC's revenue from China, a significant market. TSMC's stock fell 4.3% after Donald Trump's criticism of Taiwan's impact on the U.S. chip industry.
TSMC's decision to halt shipments due to potential Huawei links could affect its revenue from China, a key market. The stock's decline following Trump's criticism indicates investor concern over geopolitical tensions and potential tariffs.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100