TSMC stock price slips from highs as rates and China chip approvals keep traders cautious
TSMC shares fell 2.7% in U.S. trading Friday and closed lower in Taipei, tracking weakness in chip stocks. Investors weighed renewed U.S. rate concerns and uncertainty over China’s approval of AI chip imports. Taiwan’s GDP jumped 12.68% in Q4, driven by AI exports. TSMC ended at NT$1,775 in Taipei and $330.56 as ADRs in New York.