TSMC announced a major strategic move to mass-produce advanced 3-nanometre chips in Kumamoto, Japan, backed by an investment of approximately $17 billion. This initiative is designed to meet the surging global demand for advanced AI chips.
- This strategic move solidifies TSM's infrastructure and aligns with Japan’s focus on securing leading-edge chip capacity.
- Shares of TSM are trading up 4.10% today amid the positive news and a strong sector-wide rebound.