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TSMC Shares Rise As GlobalFoundries' $16B U.S. Expansion Boosts Semiconductor Sector

Summary

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) are trading higher Wednesday as investor sentiment in the semiconductor space improved following news that GlobalFoundries will commit $16 billion to expanding its chip manufacturing operations in the U.S.

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Article published on June 4, 2025 by benzinga