TSMC (TSM) Stock Rises Over 2.7% Amid Advanced Chip Manufacturing Plans

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3 days ago
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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.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.