The Trump cycle of uncertainty is only finding newer avenues, disrupting different avenues of the global economy. Amid his plethora of tariffs and threats for more such, TSMC recently announced a USD 100 billion investment in the US.
TSMC’s USD 100 Billion Investment
The apparent arm-twisting by the Donald Trump-led US administration appears to have borne some fruit, as Trump has consistently claimed it would.
This move from TSMC or Taiwan Semiconductor Manufacturing Company, the largest semiconductor maker in the world, fell in the firing line of the US and its tariffs with trading partners, where it has a trade deficit.
TSMC claimed that this investment would see the manufacturing of some of the most powerful chips in the world.
Taiwan Semiconductor Manufacturng Co Ltd
The TSMC shares listed on Taiwan Exchange do not appear to have responded well to this development. The company shares tanked in the intraday trade on Tuesday, March 4. It is to be noted that this is in line with the larger decline observed across the markets.
When we look closely at the progress of TSMC shares on Tuesday, the company shares, at the time of writing, dipped by 1.47 per cent or TWD 15.00. This took the overall value of the company shares to TWD or Taiwanese Dollar 1,005.00 per piece.
TSMC is like no other company in the world. Apart from the biggest name in the chip business globally, it is also the biggest company in Taiwan.
In fact, TSMC contributed majorly to the economy of the island nation that is officially known as the Republic of China. The company’s vastness is exhibited in the total energy consumption made by the company in the country.
TAIEX
The TSMC shares also took the country’s index with it.
The Taiwan Stock Exchange Capitalization Weighted Stock Index or TAIEX declined by a total of 0.54 per cent or 122.28 points, taking its total value to 22,633.97 points.
