Taiwan Semiconductor Manufacturing Company (TSMC) (TSM, Financial) experienced a rise of over 2.7%, reaching $162.09. The surge follows TSMC's announcement of its ambitious plans to maintain a leading position in the semiconductor industry by implementing the A14 manufacturing process by 2028. This cutting-edge technology is set to surpass the current advanced 3-nanometer process and the upcoming 2-nanometer process expected later this year.
The company also aims to introduce an intermediate A16 process by the end of 2026, further solidifying its role as a pioneer in chip manufacturing. These advancements position TSMC at the forefront of technological innovation, contributing to its stock price increase.