Taiwan Semiconductor Manufacturing Co. (TSM) stock rebounded after closing lower, benefiting from robust demand for AI technologies. Taiwan unveiled “Ten Major AI Infrastructure Projects” injecting over $510 billion by 2040 to become a global AI powerhouse, focusing on silicon photonics, quantum tech, and AI robotics.

To support AI robotics, Taiwan established the AI Robotics Industry Grand Alliance. The government plans to invest over $3 billion in AI-focused venture capital, create 500,000 jobs, and establish three research laboratories. Shares of Taiwan Semiconductor and chipmaking peers fell due to internal conflicts in the Stargate AI project, impacting semiconductor stocks worldwide.

Read more at Yahoo Finance: How Taiwan Is Betting Big On AI To Power Its Economy