TSMC (TSM) concluded the recent trading session at $160, signifying a +1.85% move from its prior day's close.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is the world’s leading foundry by revenue in the first quarter. China’s State-backed SMIC, or Semiconductor Manufacturing International Co, held a market share of 6% in the first quarter, up from 5% last year. This growth places SMIC behind only TSMC and South Korea’s Samsung Foundry, which held 62% and 13% of the market share, respectively, CNBC cites Counterpoint. Also Read: ASML and Taiwan Semi Prep for Potential China-Taiwan Conflict with Remo
The U.S.-China geopolitical tensions gained traction, with Applied Materials Inc (NASDAQ:AMAT) receiving another subpoena from the U.S. Department of Commerce in May seeking more information on China shipments. The Taiwan Semiconductor Manufacturing Co (NYSE:TSM) supplier received an SEC subpoena and two from the U.S. Attorney’s Office for the District of Massachusetts, Reuters reports. In November 2023, the Commerce Department sent a subpoena seeking information relating to specific China custo