TSMC Is Where Traders Are Looking After Nvidia’s $150 Billion Taiwan Pledge
Nvidia CEO Jensen Huang said the company could spend up to $150 billion a year in Taiwan, up from $100 billion now. Taiwan’s stock market value surpassed India’s, driven by TSMC, which accounts for 42% of the main index. TSMC reported April revenue up 17.5% year-on-year and holds 72% of the pure-play foundry market. Nvidia plans to build a Taiwan headquarters, aiming to open in 2030 with 4,000 staff.