Taiwan Semiconductor Manufacturing stock surged after revealing plans for a third factory in Phoenix, Arizona, marking a $65 billion investment.
President Biden's funding announcement under the Chips and Science Act reflects TSMC's pivotal role in US plans to boost semiconductor manufacturing in the country.) stock has been surging in recent days on the announcement of plans to construct a third factory at its US site in Phoenix, Arizona. This move boosts the company's investment in the industrial complex to over $65 billion.
Nevertheless, ongoing developments in the technology rivalry between Washington and Beijing could benefit the Taiwanese company, leading analysts to raise their forecasts for TSMC.), and you can find out which stocks are undervalued and which are overvalued thanks to a series of exclusive tools:The author holds long positions in Paypal, S&P 500 and Nasdaq.
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