Why Taiwan Semiconductor Stock Jumped Today
Shares of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) surged on Friday, likely in response to Intel's (NASDAQ: INTC) disclosure that its 7nm manufacturing process would be delayed. Shares of TSMC were up 11.2% at 12:30 p.m. EDT, while shares of Intel were down more than 15%.
Intel has been having execution problems for years. Its 10nm manufacturing process was chronically delayed, and the company is still shipping mainstream products built on versions of its 14nm process. The company's latest desktop processors, which launched in the second quarter, are 14nm parts.
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