Tsmc stock price rose to near $164 after news of

TSMC stock price rose to near $164 after news of expanded capacity agreements with major US tech firms. Analysts expect revenue diversification to reduce exposure to smartphone cycle lulls. There's a reason, however, that much of this intended spending has since been scaled back, delayed, or outright canceled. That is, building new computer chipmaking infrastructure is as expensive as it is complicated, making it tough to penetrate the business. While TSMC is a foundry that manufactures chips for its customers, ASML makes the machines that the former uses to fabricate those chips. So, foundries and integrated device manufacturers such as TSMC, Intel, and Micron count among ASML's customers. Now, all these companies and others have been using ASML's advanced machines to print cutting-edge chips that are capable of delivering healthy performance while keeping power consumption in check at the same time. Trade volumes in TSMC stock price surged following reports of long-term contracts with leading cloud service providers, reinforcing investor conviction in the firm’s roadmap.