TSMC Trading Volume Drops 38% to 38th Rank Despite Stock Price Rise Amid UAE Gigafab Plans

Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 8:01 pm ET1min read
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On June 2, 2025, TSMC's trading volume reached 14.29 billion, a significant decrease of 38.39% compared to the previous day, ranking 38th in the daily market. TSMC's stock price rose by 0.79%.

TSMC is reportedly considering a substantial investment in a gigafab in the United Arab Emirates. This project involves the construction of a complex consisting of six factories, similar to TSMC's facility in Arizona. The move is part of TSMC's strategy to expand its global footprint and mitigate geopolitical risks.

Sources familiar with the matter have disclosed that TSMCTSM-- is assessing the feasibility of building a large, state-of-the-art manufacturing facility in the UAE. This initiative aligns with TSMC's broader efforts to diversify its production capabilities and ensure a stable supply chain.

TSMC is in discussions with the White House regarding the possibility of establishing a new chip plant in the UAE. This development underscores the strategic importance of the region in the global semiconductor industry and TSMC's commitment to maintaining its leadership position.

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