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TSMC's stock slumps after reported diss of U.S. chip efforts; industry downgrades also weigh on sector

Por: MarketWatch Politics October 25, 2022

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U.S. shares of TSMC , which had fallen as much as 6% in regular trading, closed down 3.9% at $61.29 on Monday following a TSMC is the largest-cap component out of 30 in the PHLX Semiconductor Index , which fell nearly 2% at one point before rebounding Monday, finishing up 0.6%, compared with a 1.2% gain by the S&P 500 index . Morris Chang, TSMC’s founder, said that to , according to the FT report, at a meeting where Mark Liu, the company’s... + full article



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