The logo of Taiwan Semiconductor Manufacturing Co, the world’s largest contract chip maker, is displayed at the company’s headquarters inside the Hsinchu Science Park in Taiwan. Photo: EPA-EFE
The logo of Taiwan Semiconductor Manufacturing Co, the world’s largest contract chip maker, is displayed at the company’s headquarters inside the Hsinchu Science Park in Taiwan. Photo: EPA-EFE

Shares of Taiwan’s TSMC soar after Intel’s apparent retreat in chip manufacturing

  • Taiwan Semiconductor Manufacturing Co’s shares received a boost from a report suggesting Intel may outsource its production of advanced chips
  • Monday’s rally made TSMC the 12th most valuable stock worldwide, ahead of US retail giant Walmart

The logo of Taiwan Semiconductor Manufacturing Co, the world’s largest contract chip maker, is displayed at the company’s headquarters inside the Hsinchu Science Park in Taiwan. Photo: EPA-EFE
The logo of Taiwan Semiconductor Manufacturing Co, the world’s largest contract chip maker, is displayed at the company’s headquarters inside the Hsinchu Science Park in Taiwan. Photo: EPA-EFE
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