TSMC Is Where Traders Are Looking After Nvidia’s $150 Billion Taiwan Pledge
TSMC's role in the AI supply chain is back in focus after Nvidia CEO Jensen Huang said Wednesday that the company could spend up to $150 billion a year in Taiwan. Nvidia's annual spending there was about $10 billion to $15 billion some four or five years back, and now stands near $100 billion, Huang said. "Going to 150 billion dollars" each year, Huang told reporters, tying Nvidia even more closely to Taiwanese manufacturers. Taiwan’s stock market has passed India’s in market value, pushed mainly by Taiwan Semiconductor Manufacturing Co. TSMC makes up 42% of the island’s main index. Taiwan’s total market cap hit $4.95 trillion Monday, more than India’s $4.92 trillion, according to Bloomberg numbers reported by The Business Times.