-+ 0.00%
-+ 0.00%
-+ 0.00%
Changes in US stocks | Looking to join the Terafab project, TSM.US (TSM.US) rose to a record high of about 1.4%
Share
Listen to the news

The Zhitong Finance App learned that on Monday, TSM.US (TSM.US) rose intraday. As of press release, the increase was about 1.4% to 479 US dollars, with a market capitalization of about 2.49 trillion US dollars, a record high. According to media reports, TSMC is evaluating cooperation with Tesla and SpaceX CEO Elon Musk's TeraFab superfab project in Texas to establish advanced end-to-end semiconductor manufacturing capacity in the US. In response, Musk personally confirmed the news on the social media platform “X”. The TSMC government, on the other hand, maintained a consistent low profile and did not make any public response.

A number of industry sources revealed to the media that the two parties did have contact, but they are “still far away” from signing the contract. Currently, it is more like a “dating stage.” The idea of the plan is for TSMC to be responsible for developing wafer manufacturing capabilities, while Terafab will provide financial support, equity investment, procurement agreements, and other supporting conditions needed to ensure the operation of the new fab's production capacity. Currently, the cooperation methods between the two sides have not been decided.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending