TSMC Sets New Historic High at Closing, Boosted by AI, Foreign Investors Raise Target Prices

TSMC announced on 4/8 that, based on the CHIPS and Science Act, its TSMC Arizona located in Arizona, USA, will receive a maximum of $6.6 billion in direct subsidies. The company also announced plans to establish a third semiconductor fab at TSMC Arizona to meet the strong customer demand with the most advanced semiconductor manufacturing technology in the United States.