Taiwan Semiconductor Stock Rebounds As AI Hype Overpowers China Tensions

Benzinga

TSMC shares jumped 5% as strong AI chip demand outweighed U.S.-China tensions. September revenue rose 31% year-over-year to NT$331B, with officials saying China’s new export curbs will have minimal impact on Taiwan’s chip sector.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Taiwan's semiconductor manufacturing company shares rose on Monday

00:06as optimism around artificial intelligence outweighed renewed geopolitical tensions

00:11between Washington and Beijing.

00:13Taiwan's Ministry of Economic Affairs said China's expanded rare-earth export controls

00:18will have little impact on the island's chip sector

00:20since most materials come from the United States, Japan, and the European Union.

00:25Officials said any ripple effects would hit broader industries

00:29such as electric vehicles and drones.

00:31TSMC reported September revenue of $330.98 billion New Taiwan Dollars,

00:37up 31.4% year-over-year,

00:40driven by strong demand for AI and high-performance computing chips.

00:44TSMC shares have gained over 42% this year

00:46and were up 5.19% pre-market Monday at $295.24.

00:53For all things money, visit Benzinga.com.

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