TSMC (TSM.US) rose over 2% as Nvidia plans to invest billions of dollars in US-made chips and other electronic products.

On Thursday, TSM.US rose over 2% to US$178.23. Nvidia CEO and co-founder Jensen Huang stated that the company would invest billions of dollars in chips and other electronic products manufactured in the United States over the next four years. He expects Nvidia to spend about US$500 billion on electronic devices and easily produce billions of dollars of artificial intelligence products in the United States.

TSMC is currently the world's largest contract chip manufacturing company and has long been the most core chip manufacturer for fabless chip design companies such as Apple, Nvidia, AMD and Broadcom. In particular, the AI chips manufactured by TSMC for Nvidia and AMD's data center servers and the AI ASIC chips tailored for Google, Microsoft and Amazon are considered the most critical core hardware infrastructure to drive the massive artificial intelligence training and inference systems behind ChatGPT, Sora and other generative AI tools.

It is also reported that Google's Pixel 10 series flagship phones will be equipped with a new Tensor G5 chip, which is the first to be manufactured by TSMC's 3nm process instead of Samsung.