TSMC (TSM) Faces Pre-Market Decline Following U.S. Export Restrictions

Nov 12, 2024

TSMC (TSM, Financial) experienced a pre-market drop of over 1.3%, trading at $191.48. The U.S. Department of Commerce has requested TSMC to halt supplying AI chips using 7nm and more advanced technologies to Chinese mainland clients. This measure impacts chips used in AI accelerators and GPUs. TSMC has informed affected customers that shipments of these chips will be suspended.

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