TSMC is trading 3.4% up at $50.30 following news that it will add three new advanced packaging fabs at Chiayi Science Park to meet booming AI and high-performance computing demand.
- The expansion is designed to scale capacity for AI and high-performance computing (HPC) to meet surging global requirements.
- Investors are rewarding the company's long-term growth strategy and record revenue, even as the broader semiconductor sector faces pressure from a global sell-off.