Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) stock rose nearly 3% on Thursday, outperforming a weaker technology sector as investors continued to favor the stock’s long-term growth story.
Taiwan To Remain Taiwan Semiconductor’s Manufacturing Hub
Separately, Taiwan’s Minister of Economic Affairs Kung Ming-hsin said Thursday that the United States is unlikely to match Taiwan Semiconductor’s production capacity in Taiwan, despite the chipmaker’s ongoing expansion in Arizona, according to Focus Taiwan.
Kung said Taiwan Semiconductor has already announced plans for 16 fabrication plants and advanced CoWoS packaging facilities in Taiwan, ensuring the island remains the company’s primary manufacturing base. “No matter how many fabs the U.S. builds in the future, it won’t be that many,” he said.
His comments came after President Donald Trump said Taiwan was doubling the size of Taiwan Semiconductor’s Arizona chip plants and claimed the U.S. could capture 50% of the global chip market before he leaves office.
