15 AI News That Broke The Internet This Week

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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 15, the US government said that it had finalized a CHIPS Act incentive agreement with TSM. According to a statement released by the White House, the agreement with TSM will spur $65 billion of private investment to build three facilities in Arizona and create tens of thousands of jobs by the end of the decade. This would be the largest foreign direct investment in a greenfield project in the history of the US.

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