What’s happening with Taiwan Semiconductor stock on Tuesday? – Taiwan Semiconductor (NYSE:TSM)

Taiwan Semiconductor Manufacturing TSMC Chip designers and suppliers around the world are accelerating the development of next-generation silicon-photonic solutions over the next three to five years to keep up with the massive energy demands and faster data transmission speeds required for AI computing.

Creating an ecosystem for technology with mandatory participation from design software suppliers Synopsys, Inc. SNPS and Cadence Design Systems, Inc. CDNS and chip developer Nvidia Corp NVDA and Advanced Micro Devices Inc. AmKC Hsu, vice president of integrated interconnect and packaging at Taiwan Semiconductor, spoke to Nikkei Asia at a technology forum about the acquisition of AI server makers Foxconn and Quanta Computer. Taiwan Semiconductor shares were falling in premarket trading on Tuesday.

Xu told Nikkei Asia that the silicon photonics market will grow at an annual rate of 40% between 2023 and 2028 to reach $500 million, driven by demand for high data-rate modules, especially pluggable and co-packaged optics (CPOs), to increase fiber optic network capacity.

Rashid Taibi, general manager of semiconductor materials maker Soytec, told Nikkei that major technology companies, including Meta Platforms, Meta and Microsoft MSFTis one of the companies helping develop CPO technology.

Taiwan’s Minister of Economic Affairs, Guo Chih-hui, recently refuted former President Donald Trump’s claim that Taiwan had stolen semiconductor jobs from the U.S. He pointed to Taiwan Semiconductor’s heavy investments in its U.S. facilities, including $65 billion for a new factory in Arizona.

Taiwan Semiconductor’s shares have risen 82% over the past 12 months, and investors can get exposure to the stock through the iShares Semiconductor ETF. socks First Trust Nasdaq Technology Dividend Index Fund TDIV.

Price Action: TSM shares were down 1.77% at $168.66 in pre-market trading as of last check on Tuesday.

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