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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor Stock Rebounds As AI Hype Overpowers China Tensions

Taiwan Semiconductor Semiconductor Taiwan China TSM Artificial Intelligence Beijing Earth Nvidia United States
TSMC

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares rebounded in premarket trading Monday, recovering from Friday's losses as renewed investor enthusiasm for artificial intelligence outweighed mounting geopolitical concerns between Washington and Beijing.

Taiwan's Ministry of Economic Affairs downplayed fears that China's expanded rare earth export controls could disrupt the island's critical semiconductor industry.

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