Taiwan Semiconductor Manufacturing Company’s first U.S. chip fabrication facility in Phoenix, Arizona is reportedly achieving higher chip production yields compared to similar fabs in Taiwan, potentially offsetting costs. Despite delays at planned Arizona facilities, TSMC is eligible for up to $6.6 billion in grants and $5 billion in loans from the Biden administration. TSMC’s CEO stated that their first U.S. fab is producing chips for Apple and has entered engineering wafer production with 4-nanometer technology, marking an important milestone for the company.
Full Article
S&P 500 closes higher on soft inflation report, Nasdaq jumps 1% as traders snap up tech shares
The Nasdaq Composite rose 1.22% on Wednesday following a soft inflation report, with tech shares leading the gains; the S&P 500 increased by 0.49% and the Dow Jones slipped 0.2%. The tech sector bounced back, with Nvidia and AMD posting gains, as the consumer price index rose by 0.2%, easing concerns about stagflation and potential Fed responses to economic weakness amidst escalating trade tensions. Full Article
Read more