15 AI News Updates Taking Wall Street By Storm

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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. The shares of the company have been on a downward trend over the past few days despite recent reports that it had secured over $6.6 billion in funding through the CHIPS Act from the US government. Investor concerns around the incoming White House administration, which has taken several swipes at TSM during the campaign trail, are one of the major reasons behind this. Trump has asked companies to relocate advanced chip manufacturing to the United States several times over the past years.

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