14 AI News Investors Are Paying Attention To

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6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Market Capitalization: $851 Billion  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. On November 11, news agency Reuters reported that the United States government had ordered the chipmaker to stop shipping advanced chips used in artificial intelligence applications to customers in China. The reports come merely days after media reports indicated that TSM had stopped production of advanced AI chips for Chinese firms. According to the Reuters report, the Commerce Department in the US sent a letter to TSM that imposed restrictions on the export of sophisticated chips – of 7 nanometer or more advanced designs – to China which power AI accelerators and graphic processing units.

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