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Benzinga

Business

Anusuya Lahiri

Why Washington Wants Half Of America's Chips Made Locally

TSM Semiconductor Washington D.C. America Taiwan Semiconductor Manufacturing Co Taiwan Semiconductor United States Howard Lutnick Apple Nasdaq

Taiwan Semiconductor Manufacturing Co.

Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) stock gained on Monday amid renewed geopolitical and supply chain discussions, as the United States intensifies its efforts to onshore semiconductor production.

As a vital chip supplier for tech giants like Nvidia (NASDAQ: NVDA) and Apple (NASDAQ: AAPL), TSM remains at the center of a strategic global realignment in the semiconductor industry.

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