Coronavirus, Huawei Exposure Weigh on Taiwan Semiconductor Stock
Investors have a lot of reasons to worry when it comes to Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest semiconductor foundry. After all, it's the biggest supplier to Apple (NASDAQ: AAPL), which recently lowered its revenue outlook over potential adverse effects from the novel coronavirus. It also has major exposure to Huawei, the Chinese mobile phone maker that is in the crosshairs of a protracted trade war between the U.S. and China.
Those two facts have weighed on shares of Taiwan Semiconductor and may continue to do so, at least in the near term. Since the start of 2020, TSMC's stock is down 10% as investors digest the impact the coronavirus outbreak will have on businesses across the world.
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Source Fool.com
