TSMC sales rose 34% in Nov., while Micron gets $6.1B chip subsidy

Tue, Dec 10, 2024, 8:00 AM

Taiwan Semiconductor Manufacturing Company (TSM) saw its sales rise by 34% in the month of November alone, as revenue rose by $8.5 billion (converted to US dollars from the New Taiwan dollar). Simultaneously, fellow AI chipmaker Micron Technology (MU) secured a $6.1 billion subsidy from the US Department of Commerce for the build-out of semiconductor manufacturing plants within the US.

Morning Brief hosts Seana Smith and Brad Smith take a look at these two chip stocks and how they are moving on these respective headlines in Tuesday's pre-market trading.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.