TSMC ( (TSM) ) has risen by 9.72%. Read on to learn why.
Taiwan Semiconductor Manufacturing Co. (TSMC) has seen its stock price rise by 9.72% over the past week, driven by a series of strategic moves and positive market sentiment. The company’s expansion in the United States, particularly with the construction of a third chip plant in Arizona, has been a significant factor. This new facility is expected to create around 6,000 jobs and will focus on producing advanced semiconductor chips, aligning with the U.S. push for semiconductor self-reliance.
TSMC’s decision to expand its U.S. operations comes amid increasing geopolitical tensions and the potential for higher tariffs on overseas-made chips. The company’s growing investment in Arizona not only strengthens the domestic chip supply chain but also enhances national security and reduces dependence on foreign production. This strategic move has been well-received by investors, contributing to the recent surge in TSMC’s stock price.
Additionally, TSMC’s strong ties with major tech companies like Apple, Intel, and Nvidia, coupled with rising capital expenditures on artificial intelligence tools, have bolstered investor confidence. Analysts have maintained a strong buy consensus on TSMC stock, with expectations of further upside potential, reflecting the company’s robust market position and growth prospects.