TSMC Shares Rise Over 7% After Six-Session Losing Streak
Taiwan Semiconductor Manufacturing Company, or TSMC, saw its shares rise more than 7% on Thursday after six consecutive sessions of losses. The rebound came amid reports that the company is developing a new advanced chip-packaging technology similar to Intel's Embedded Multi-die approach. This development has sparked investor optimism about TSMC’s ability to remain competitive in cutting-edge semiconductor manufacturing, particularly as demand for high-performance chips continues to grow across industries like AI and data centers. The news also highlights the ongoing technological rivalry between leading chipmakers.
