USD 6.6B US subsidy boosts TSMC's Arizona chip plant expansion
The United States Department of Commerce has confirmed a substantial support package for Taiwan Semiconductor Manufacturing Co. (TSMC), earmarking a 6.6 billion USD subsidy to facilitate the establishment of a new semiconductor manufacturing base in Arizona. This initiative is further bolstered by up to 5 billion USD in low-interest loans from the government.
In response to this significant backing, TSMC has committed to an impressive expansion of its initial investment range, proposing an additional 25-65 billion USD towards this venture. The plan includes the construction of a third plant in Arizona by the end of the decade. This expansion enables TSMC to spearhead the production of the world's foremost 2-nanometre chips at its second Arizona facility, with production kick-off anticipated in 2028. The overarching investment exceeding 65 billion USD marks a historic milestone as the largest foreign direct investment in a new project on American soil.
Let's shift focus to the technical analysis of Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) shares and explore potential trading opportunities.
Examining the Daily (D1) chart, we have identified a solid support level at 133.73 USD and a resistance level at 182.87 USD, underpinning a robust uptrend as the stock aims to surpass its historical peak.
On the Hourly (H1) chart, engaging in long positions becomes appealing after a rebound from the 133.73 USD support level, targeting a short-term goal at 158.98 USD. For those with a medium-term outlook, maintaining long positions until reaching 170.74 USD presents a viable strategy.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In response to this significant backing, TSMC has committed to an impressive expansion of its initial investment range, proposing an additional 25-65 billion USD towards this venture. The plan includes the construction of a third plant in Arizona by the end of the decade. This expansion enables TSMC to spearhead the production of the world's foremost 2-nanometre chips at its second Arizona facility, with production kick-off anticipated in 2028. The overarching investment exceeding 65 billion USD marks a historic milestone as the largest foreign direct investment in a new project on American soil.
Let's shift focus to the technical analysis of Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) shares and explore potential trading opportunities.
Examining the Daily (D1) chart, we have identified a solid support level at 133.73 USD and a resistance level at 182.87 USD, underpinning a robust uptrend as the stock aims to surpass its historical peak.
On the Hourly (H1) chart, engaging in long positions becomes appealing after a rebound from the 133.73 USD support level, targeting a short-term goal at 158.98 USD. For those with a medium-term outlook, maintaining long positions until reaching 170.74 USD presents a viable strategy.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
