Reported 30 days ago
Taiwan Semiconductor Manufacturing Company's (TSMC) stock fell up to 4% on Monday due to worries stemming from founder Morris Chang's comments about the challenges the company faces amidst U.S. regulatory crackdowns on advanced chip sales to China. Despite these concerns, TSMC's CEO expressed confidence in the company's growth potential and progress in its Arizona facility, reporting strong third-quarter revenue growth and a positive outlook for the future.
Source: YAHOO