00:00It's Benzinga bringing Wall Street to Main Street.
00:02TSMC shares rose on Tuesday, extending gains after the company secured a one-year U.S.
00:07export license allowing continued imports of American chip-making equipment for its
00:12China operations, according to Benzinga, the U.S. Commerce Department approved the
00:17license for the Nanjing Fabrication Plant, enabling shipments of U.S.-controlled tools
00:22without case-by-case approvals. The rally also followed a Goldman Sachs report that
00:26raised its price forecast for Taiwan Semiconductor by 35 percent to $2,330 new Taiwanese dollars,
00:33citing AI as a multi-year growth engine, according to Bloomberg. The analysts pointed to improving
00:39profit margins as the company plans about $150 billion in capital spending over three years.
00:46The stock jumped 5.17 percent on Friday, lifting market value to nearly $1.66 trillion.
00:52Shares were up 2.09 percent pre-market on Tuesday at $328.97, near their 52-week high,
01:01according to Benzinga Pro.
01:03For all things money, visit Benzinga.com.
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