At a TSMC (TSM) event, founder Morris Chang said the company will soon face its “most severe” challenges in driving growth as free trade of semiconductors falters, Bloomberg’s Jane Lanhee Lee and Debby Wu report. “TSMC is now truly a turf all major powers want to secure,” Chang said at a company event in Hsinchu on Saturday. The Apple (AAPL) and Nvidia (NVDA) supplier makes 99% of the world’s AI accelerators, though it is restricted from making the most powerful AI semiconductors for Chinese customers, Bloomberg notes. At the event, TSMC CEO C.C. WEi said the company’s new plant in Arizona is “progressing well.”
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSM:
- TSMC halts shipments to Sophgo after chip found on Huawei product, Reuters says
- Judge blocks Tapestry-Capri deal, Centene reports Q3 beat: Morning Buzz
- TSMC Updates on Shareholdings and Investment Moves
- TSMC’s Arizona production yields 4PP higher than in Taiwan, Bloomberg reports
- Boeing union rejects latest offer, Tesla reports Q3 beat: Morning Buzz