Taiwan Semiconductor Manufacturing Company Limited is trading at $51.60 (+5.56%) following reports that Apple will utilize the company's 1.4nm process for its future A22 Pro chip.
- The move aligns with a broader risk-on tech rally, as U.S. equity indexes move higher with a specific focus on the semiconductor sector.
- Market momentum is extending a catalyst first noted in pre-market trading, where shares initially rose 1.7% on the Apple fabrication report.