Taiwan Semiconductor Rises As $100 Billion U.S. Expansion Defies Market Downturn

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares are trading higher Tuesday after the company announced plans to invest an additional $100 billion in advanced semiconductor manufacturing in the United States.

What To Know: The new investment adds to the company’s ongoing $65 billion project in Phoenix, Arizona, bringing total U.S. commitment to $165 billion. The expansion plan includes three new fabrication plants, two advanced packaging facilities and a significant R&D center aimed at supporting AI and other advanced technologies.

The company …

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