Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
174.09
+2.50 (1.46%)
Taiwan Semiconductor Manufacturing Company (TSMC) is a leading semiconductor foundry that specializes in the production of advanced integrated circuits and microchips for various applications in technology sectors such as telecommunications, computing, and consumer electronics. The company operates state-of-the-art fabrication facilities and leverages cutting-edge manufacturing processes, enabling it to produce high-performance and energy-efficient chips. TSMC collaborates with a broad array of clients, including major technology firms, to support their innovation and growth by providing reliable and scalable chip manufacturing services. With a commitment to research and development, TSMC plays a critical role in advancing semiconductor technology, driving the digital transformation across multiple industries worldwide.
Taiwan Semiconductor Manufacturing Co's selloff is affecting Taiwanese stocks, leading to worst-ever selloff by foreign investors. Nvidia & Apple supplier lost 12% YTD value.
Eight years after being praised by TSMC founder Morris Chang for rescuing Cadence from crisis, Lip-Bu Tan has been named CEO of Intel, tasked with leading the embattled chipmaker through one of the most pivotal moments in its history.
Intel Corporation (NASDAQINTC) surged 11.6% during the pre-market trading session on Thursday after the company announced that tech industry veteran, Lip-Bu Tan, is set to take the helm as the new CEO.
Trump’s criticism has sparked concerns among executives of chipmakers, who are reportedly looking into the legalese to understand if the Trump administration can claw back grants awarded under the CHIPS Act.
Lip-Bu Tan, former CEO of Cadence Design Systems, will take over the reins of Intel from interim CEOs David Zinsner and MJ Holthaus. Tan was on Intel’s board till last year, when he departed citing other commitments.
Incremental improvements in the state of the economy and a potential groundbreaking collaboration in the chip industry helped spark a broad-based market rally.
Rockwell Automation supplies industrial automation products like robots to factories and stands to benefit from the onshoring effects of the Trump Tariffs.
