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TSMC stock was up almost 5% on the Taiwan Stock Exchange today on the belief that TSMC would be exempt from Trump's tariffs, due to building factories and investing in the United States.
The weighted index opened higher today and then fluctuated throughout the day, closing at 24,003.77 points, surpassing the 24,000-point mark . (Image/PIXABAY)
Trump launched a "tariff iron fist" against semiconductors, but TSMC is expected to be exempted. Today (7th), the Taiwan stock market bulls are in high spirits. The market closed up 556 points, and the OTC index rose 1.48%. The trading volume expanded to over 450 billion yuan, indicating strong buying momentum. Trump dropped a bombshell after the US stock market closed on the 6th, announcing a 100% tariff on imported chips, but clearly stated that companies "setting up factories in the United States" are not subject to this restriction. He also specifically mentioned that TSMC is investing $200 billion in the United States. The market interprets that TSMC's future shipments to the US market will still be exempt from the impact of tariffs. The news encouraged TSMC and also led to the opening and rising of the Taiwan stock market today.
It's actually interesting how runaway financial market propels otherwise economically suicidal decisions. If not for glowing hot financial market, economic consequences would've been far more severe for America, and less concealable.
The high tide will eventually reverse, and it will be then, when the damage, and consequences will become visible.
Apple, TSMC, Foxconn and all the others aren’t going to bring that core manufacturing back to US. The population demographics is busted for these. Look who is willing to work in the fields, do infrastructure like construction etc… manufacturing is just one step up from that for the mega factories
Apple, TSMC, Foxconn and all the others aren’t going to bring that core manufacturing back to US. The population demographics is busted for these. Look who is willing to work in the fields, do infrastructure like construction etc… manufacturing is just one step up from that for the mega factories
Even Taiwanese younger generation do NOT want to work at electronic factories to assemble PCs, AI servers, phones. That's the reason why there are million of Taiwan temporary work visas issued to Southeast Asian countries.
(Bloomberg) -- President Donald Trump plans to announce that Apple Inc. will commit to spending another $100 billion on domestic manufacturing, the latest pledge by the tech giant to increase US production of its products as it seeks to avoid punishing tariffs on its flagship iPhones. The...
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(I created the Trump eating the apple picture using AI )
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