TSMC Shares Plummet Following $100 Billion US Investment Announcement.
TSMC shares fell 2.25% on Tuesday following the announcement of a $100 billion investment in the United States. The move is seen as a strategic step to expand the company's manufacturing capabilities and increase its presence in the global chip market. TSMC plans to establish new facilities and hire thousands of workers to support the increased production.
- This significant investment highlights the growing importance of the US market for semiconductor companies, particularly in the face of increasing competition from China and other emerging economies.
- How will TSMC's expanded presence in the US impact its relationship with Taiwanese government officials, who have been critical of the company's ties to Beijing?