Taiwan Semiconductor Manufacturing will open a chip-design center in Munich in the third quarter, according to The Wall Street Journal. The hub was selected for its proximity to European clients and aims to support automotive, industrial, and AI clients, leveraging its proximity to European customers. The new Munich center will join Taiwan Semiconductor's existing network of nine design centers across Taiwan, China, Japan, Canada, and the U.S. Taiwan Semiconductor shares are down 2% this year as it increases U.S. investment in response to Trump-era tariffs, despite lacking added subsidies. CFO Wendell Huang said TSM has not seen customer shifts from tariffs yet but remains cautious due to potential risks and will monitor market demand closely.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan Semiconductor Manufacturer will open a chip design center in Munich in the third quarter,
00:07according to the Wall Street Journal.
00:09The hub was selected for its proximity to European clients.
00:12It aims to support automotive, industrial, and AI clients,
00:14leveraging its proximity to European customers.
00:17The new Munich Center will join Taiwan Semiconductor's existing network
00:20of nine design centers across Taiwan, Japan, China, Canada, and the U.S.
00:25Taiwan Semiconductor's shares are down 2% this year
00:27as it increases U.S. investment in response to Trump-era tariffs,
00:30despite lacking added subsidies.
00:33CFO Wendell Huang said TSM has not seen customer shifts for tariffs yet,
00:37but remains cautious due to potential risks and will monitor market demand closely.
00:41For all things money, visit Benzinga.com slash GSTV.