TSMC Wins 7nm Chip Orders From US Vendors

• Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) has won significant orders demanding its sub-7nm process manufacturing from major U.S. vendors, DigiTimes Asia reports.
• TSMC's advanced chip plant debut in the U.S. got deferred by three to six months, mainly due to a labor crisis.
• TSMC also decided to expand its chip plant under construction in Japan with Sony Semiconductor Solutions Corporation with an extra $1.6 billion in spending.
• The chipmaker topped Q4 consensus backed by robust demand for its industry-leading 5-nanometer technology.
• Price Action: TSM shares traded lower by 0.47% at $118.75 in the market session on the last check Tuesday.