Taiwan Semiconductor Shares Are Up Today: What's Going On?

Quick Summary:

What To Know: The investigation, known as the “Section 301” probe, could lead to higher U.S.tariffs on these components and aims to counter China’s state-driven semiconductor industry expansion according to Reuters.

Taiwan Semiconductor Manufacturing Company Ltd.(NYSE:TSM) shares were trading higher Monday following an announcement by the Biden administration regarding a trade investigation into China’s semiconductor policies, particularly concerning “legacy” semiconductors.

The probe is part of a broader U.S....

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Article Details

Author / Journalist: Vaishali Prayag

Category: Technology

Markets: United StatesChinaTaiwan

Topics: Tech Asia Top Stories Semiconductors News TSM US8740391003 Movers Benzinga Why it's moving Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 21:34:34 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24613767

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