TSMC stock jumps on Bidens $11.6 billion funding to boost US chip manufacturing Yahoo Finance
News Source : Business Insider
News Summary
- TSMC stock traded at an intraday high of $145
- 92 per share around 10:30 am ET, paring that gain to about $143 shortly after 1 p
- m
- The deal positions the Taiwanese chip company to receive as much as $6
- 6 billion in grants and $5 billion in direct funding from the Biden administration
TSMC stock jumped on Monday on a nearly $12 billion deal with the US to boost chip manufacturing.TSMC is set to receive up to $6.6 billion in grants and $5 billion in direct fundin [+2186 chars]
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