TSMC stocks at all-time highs on the news from Intel
The Taiwanese chipmaker will benefit from the delay in the release of chips from Intel
Stocks impacted: Taiwan Semiconductor Manufacturing Co Ltd (2330), Intel (INTC), Samsung Electronics Co Ltd (005930)
Last week, the U.S. chipmaker Intel signaled it may stop manufacturing its own chip components after falling far behind schedule developing its newest technology. Against this backdrop, TSMC shares jumped nearly 10%, to close at an all-time high on Monday. In turn, Intel stocks dipped over 16% on Friday and could extend losses today. Amid the developments in Intel, the Taiwanese chipmaker will benefit from the delay in the release of chips containing 7-nanometer transistors and could monopolize the space eventually. Samsung Electronics could be another winner and take some of Intel’s business. Its stocks were over 2.5% higher on Monday.
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