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What TSMC, Intel, and GlobalFoundries Stock Investors Should Know About Recent CHIPS Act Updates

Semiconductor manufacturers are starting to receive direct funding from the U.S. CHIPS Act.

By Jose Najarro – Apr 11, 2024 at 5:19AM EST

In today's video, I discuss recent updates impacting Taiwan Semiconductor Manufacturing (TSM +1.30%) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of April 8, 2024. The video was published on April 10, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Taiwan Semiconductor Manufacturing Stock Quote
Taiwan Semiconductor Manufacturing
NYSE: TSM
$342.43
(+1.22%)+$4.12
Intel Stock Quote
Intel
NASDAQ: INTC
$48.45
(+5.86%)+$2.68
GlobalFoundries Stock Quote
GlobalFoundries
NASDAQ: GFS
$44.06
(+5.26%)+$2.20

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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