TSMC Shares Leap on Tariff Exemption News

In a significant market movement, United States-listed shares of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) soared by over 5% following an announcement from Taiwan's authorities. The company has been granted an exemption from the US President Donald Trump's proposed 100% tariff on semiconductors imported to the US.

Strategic US Investments Shield TSMC

Liu Chin-ching, Taiwan's National Development Council chief, highlighted that TSMC's operations would remain unscathed by the tariffs, thanks to its manufacturing facilities in the US. This strategic positioning is bolstered by TSMC's previous commitment to invest a staggering $165 billion in the US, ensuring its market resilience.

Market Response

The immediate market response was palpable, with TSMC's stock price climbing 5.79% to $244.7650 per share by 9:34 am ET, reflecting investor confidence in the company's strategic exemptions and investments.