TSM is trading 5.2% up at $420.44 after the company announced major new spending plans to boost capacity, capitalizing on the artificial intelligence boom.
- The chipmaker approved over $50 billion for expanding global production, including up to $20 billion for its key Arizona plant.
- The move is driven by long-term demand for chips used in AI and high-performance computing, a narrative reinforced by company executives on the same day.
- The stock is also benefiting from a broader semiconductor rally amid optimism over high-stakes US-China trade talks.