TSMC's stock price has risen to a new high. Shares in the chipmaking giant rose to around US$34 before close of trading on January 6. It comes amid soaring demand for the hardware that drives artificial intelligence, and as TSMC is set to begin production of its most advanced 2nm chips.
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00:00Chipmaking giant TSMC's stock price has soared to a new high.
00:05Shares in the company reached about 35 U.S. dollars on Taiwan's benchmark TAIX on Monday,
00:10and that follows strong gains in TSMC shares on the New York Stock Exchange late last week.
00:16This new high comes on the heels of booming demand for semiconductors driven by artificial
00:20intelligence.
00:21The market for TSMC's 3 and 5 nanometer chips is especially hot.
00:26The company plans to start manufacturing its new cutting-edge 2 nanometer chips this year.