Taiwan plans to spend $1B a year pivoting its economy from semiconductors to AI [Business Insider]
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm
Check Earnings Report
US:NYSE Investor Relations:
tsmc.com/english/investorrelations/index.htm
Company Research
Source: Business Insider
Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. The nation has been diversifying away from semiconductors and China to strengthen its economy. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. "AI sovereignty is a critical issue," Wu Cheng-wen told the outlet, adding that it "benefits Taiwan's security." He also said that the country aims to generate at least a "tenfold" return on its investments. This is a significant development for the Taiwanese economy — the world's leading producer of advanced chips. Taiwan's semiconductor industry accounts for over 90% of the global market, and contributed roughly 13 to 15% of Taiwan's GDP in recent years.
Show less
Read more
Impact Snapshot
Event Time:
TSM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSM alerts
High impacting Taiwan Semiconductor Manufacturing Company Ltd. news events
Weekly update
A roundup of the hottest topics
TSM
News
- TSMC (TSM) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Top Growth Companies With High Insider Ownership To Watch [Yahoo! Finance]Yahoo! Finance
- Nvidia Stock vs. Taiwan Semiconductor Stock: Billionaire Ken Griffin Buys One and Sells the Other [Yahoo! Finance]Yahoo! Finance
- 3 Prominent Stocks Estimated To Be Up To 49.2% Below Intrinsic Value [Yahoo! Finance]Yahoo! Finance
- Trump's tariffs on China will increase smartphone costs [Yahoo! Finance]Yahoo! Finance
TSM
Earnings
- 10/18/24 - Beat
TSM
Sec Filings
- 11/14/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/8/24 - Form 6-K
- TSM's page on the SEC website