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How TSMC Sent Traders Scrambling and Triggered a ‘Panic Rotation’ Into Chip Stocks
Shares of Taiwan Semiconductor Manufacturing, a big supplier of chips to Nvidia and Apple, were advancing Wednesday after the world’s largest third-party chip manufacturer reported a surge in sales. Taiwan Semiconductor American depositary receipts were up 2.8% to $187.39. Taiwan Semiconductor dominates the high-end chip manufacturing market, including the 3-nanometer and 2-nanometer chips that are expected to power the next generations of smartphones.
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