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TSM Stock: The Taiwan Semiconductor Price Hike News Giving Shares a Lift Today

News Snapshot:

Taiwan Semiconductor (NYSE: TSM ) stock is taking off on Wednesday following reports that the company is planning for price hikes. According to anonymous sources speaking to DigiTimes , Taiwan Semiconductor is going to increase prices for its mature and advanced chip manufacturing. This change comes as the chip shortage continues to affect tech companies. So just how much will Taiwan Semiconductor increase the price of its chips? The report claims that the biggest price hike is coming to 16nm and above chips, which will jump by as much as 20%. In the case of mature sub-16nm chips, prices are…

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