(Bloomberg) — Taiwan Semiconductor Manufacturing Co., Taiwan’s biggest company and chip producer for the likes of Apple Inc., was up as much as 10% on an intraday basis Monday, extending a rally of more than $160 billion since March.The most prominent driver for renewed enthusiasm came from Intel Corp.’s warning last week that its first 7-nanometer chips will be on sale a year behind schedule and the company may potentially farm out production, most likely to foundry leader TSMC. A report on Monday suggested Intel had placed orders with TSMC for 180,000 units of 6nm chips for 2021.Read more: Intel …read more
Source:: Yahoo Finance
