TSMC becomes trillion-dollar company: Artificial Intelligence revolution behind the giant’s rise

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AI is causing major shifts on Wall Street, with TSMC joining the elite trillion-dollar market capitalization club.

The rise of artificial intelligence is causing major shifts on Wall Street, with Taiwan Semiconductor Manufacturing Company recently achieving a significant milestone by joining the elite trillion-dollar market capitalization club. This accomplishment places TSMC among the world’s top technology giants and highlights the growing importance of the semiconductor industry.TSMC’s market capitalization briefly surpassed Tesla’s, making it the seventh most valuable technology company globally.

The U.S. government has recognized the critical role of semiconductors in the modern economy, providing substantial financial support to boost domestic chip manufacturing. The Biden administration has allocated tens of billions of dollars for constructing chip factories in the U.S., aiming to strengthen technological infrastructure and reduce reliance on foreign manufacturers.

The AI boom is reshaping Wall Street, with TSMC’s entry into the trillion-dollar club marking a significant milestone. The semiconductor industry’s growth, driven by AI demand, highlights the crucial role of companies like TSMC and Nvidia in the global market.TSMC 2nm chip trial production to begin much sooner than expectedTips us

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