TSMC stock reaches record high with $6.6 billion subsidy for Arizona chip plant.

From Investing.com: 2024-04-08 23:30:50

Shares of TSMC reached a record high after winning a $6.6 billion subsidy from the U.S. for a plant in Arizona. The move comes as TSMC agreed to invest $65 billion in its Arizona facilities and produce 2 nanometre chips by 2028. AI demand is driving TSMC’s growth with key customers like NVIDIA and Apple. TSMC’s stock is up 38% this year.



Read more at Investing.com: TSMC stock hits record high on Arizona chip plans, $6.6 bln subsidy By Investing.com