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• TSMC

• U.S Stocks

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TSMC

Taiwan Semiconductor Manufacturing (TSMC) is committing an additional $100 billion to expand chip production in the U.S., bringing its total investment to $165 billion. The funding will support the construction of five new fabrication plants in Arizona, reinforcing the U.S. push to lead in artificial intelligence. President Trump praised the move, linking it to national and economic security. TSMC, a key supplier to Nvidia and Apple, has already received $6.6 billion in government subsidies and previously pledged $65 billion for U.S. expansion. The initiative aligns with broader efforts to revitalize domestic semiconductor manufacturing.

U.S Stocks

U.S. stocks tumbled on Monday, with the S&P 500 erasing its yearly gains after President Trump confirmed steep tariffs on imports from Mexico and Canada. The index fell 1.76% to 5,849.72, its sharpest drop since December, while the Dow Jones lost 649.67 points, closing at 43,191.24. The Nasdaq also slid 2.64% to 18,350.19, dragged down by Nvidia’s over 8% decline. Markets initially traded higher but turned negative after Trump reaffirmed that 25% tariffs would take effect the next day, disappointing investors who had hoped for a last-minute resolution. Additionally, he signed an order for an extra 10% duty on China.

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