All articles tagged with #taiwan semiconductor manufacturing co
Global stocks and Treasuries showed signs of stabilization after recent volatility, with Asian currencies strengthening against the dollar and Europe's Stoxx 600 index rising. US futures indicated potential gains for the S&P 500, while Taiwan Semiconductor Manufacturing Co. reported its first profit increase in a year due to strong AI demand. The dollar index declined for a second day, and yields on 10-year Treasuries dipped.
U.S. stock futures were little changed after the Dow Jones Industrial Average fell for a second day, with concerns over inflation and interest rates. Some market observers remain optimistic, citing a pullback after a strong start to the year. Taiwan Semiconductor Manufacturing Co evacuated production lines after a major earthquake hit Taiwan. Investors await the ADP private payrolls report and speeches from Federal Reserve officials. Stocks making moves after hours include Intel, Cal-Maine Foods, and Dave & Buster's Entertainment.
The US plans to award over $6 billion to Samsung Electronics Co. as part of the 2022 Chips and Science Act, allowing the chipmaker to expand its operations beyond Texas. This move is part of the Commerce Department's expected major awards, which may also include a grant of more than $5 billion to Samsung's Asian rival, Taiwan Semiconductor Manufacturing Co.
Asian stocks rallied as tech earnings powered gains, with the S&P 500 reclaiming the 5,000 level and Taiwan's equity benchmark reaching an intraday record level, boosted by a 9.8% gain by Taiwan Semiconductor Manufacturing Co.
Artificial intelligence (AI) investing is gaining momentum, with companies like Alphabet, Taiwan Semiconductor Manufacturing Co., and UiPath showing strong growth potential. Alphabet's AI initiatives are transforming its business, while Taiwan Semiconductor is capitalizing on AI proliferation with its cutting-edge chips. UiPath's robotic process automation software, powered by AI, is expected to benefit from the explosive growth in RPA adoption. These AI stocks are not overpriced and offer significant growth prospects, making them top picks for investors in February.
Stocks in Asia rose, driven by Taiwan Semiconductor Manufacturing Co.'s positive outlook, boosting hopes for a global recovery in the semiconductor sector. The regional shares gauge saw its best day in over three weeks, with strong gains in semiconductor stocks. Benchmark indexes in Japan, South Korea, and Australia also rose, while TSMC's American depository receipts surged, lifting the company's stock in Taiwan by over 5%.
In 2009, Chiang Shang-yi, head of research and development at Taiwan Semiconductor Manufacturing Co., proposed exploring chip packaging as a solution to the chip industry's problem of fitting more transistors onto smaller chips. This alternative approach aimed to make chips more powerful without relying solely on shrinking their size.