Taiwan Semiconductor Manufacturing Co

TSMC bulls ignore Warren Buffett’s warning for bet on coming artificial intelligence age

18Mar

By adminNo Comments

Technology

TSMC bulls ignore Warren Buffett’s warning for bet on coming artificial intelligence age

[ad_1] (Bloomberg) -- The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead. Foreign investors have boosted ownership of the stock to a two-year high, backing claims by TSMC that AI will be its biggest growth driver this year. The company has more than a 90% share in manufacturing advanced semiconductors used for AI, according to Pictet Asset Management. The turnaround last year — the stock had plunged 27% in 2022 — came after Warren Buffett sold his $5 billion TSMC holdings, citing geopolitical tensions as the reason given its location. Adding to the concerns, the self-governing island elected a US-friendly president Lai Ching-te, putting in power a man Beijing has described as a...

Sorry USA, $40 Billion Won’t Buy Chip Independence

[ad_1] President Biden and Apple’s Cook applauded a plan that offers a minuscule share of global chip capacity. President Joe Biden is so proud of Taiwan Semiconductor Manufacturing Co.'s new facility that he went to Arizona to celebrate it. A $40 billion figure tends to attract heads of state and corporate chieftains, with the chip factories TSMC is building there being hailed as the largest foreign direct investment in US history. “Apple had to buy all the advanced chips from overseas,” Biden said at the plant outside Phoenix on Tuesday. “Now, they're going to bring more of their supply chain here at home. It could be a game changer.” Unfortunately, Mr President, it won't be a game changer. Everything announced by TSMC this week was in line with long-term plans for the site. Th...

Apple CEO Tim Cook, President Joe Biden to Help TSMC Unveil $40 Bn US Chip Buildout

[ad_1] Apple CEO Tim Cook and AMD CEO Lisa Su will join President Joe Biden at an Arizona event for Taiwan Semiconductor Manufacturing Co. Apple Inc. Chief Executive Officer Tim Cook and Advanced Micro Devices Inc. CEO Lisa Su will join President Joe Biden on Tuesday at an Arizona event for Taiwan Semiconductor Manufacturing Co., where the chipmaker will announce plans to bolster its investment in the state to $40 billion and construct a second production facility.Cook, Su and Biden will be at the site of a $12 billion plant in Phoenix that TSMC is already building, a showcase in the administration's efforts to encourage companies to bring more chip manufacturing to the US and prevent a repeat of the supply disruptions over the last two years that cost companies hundreds of billions i...