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News Digest / Lukas Schmidt

Author: Lukas Schmidt
03:27am, Tuesday, Jun 04, 2024
TSMC Reaffirms Commitment to Taiwan Amid Geopolitical Tensions, Assures Investors of Stability
TSMC (NYSE: TSM) reassures stakeholders, reaffirming it won't relocate its Taiwan-based production despite China tensions. With 80-90% of its capacity on the island, Chairman C.C. Wei underscores the impracticality of moving. This stability forms a key factor for traders.
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