TSMC shares open lower following announcement of $100 billion investment in US

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A logo of Taiwanse chip giant TSMC can be seen in Tainan, Taiwan December 29, 2022.REUTERS
TAIPEI, March 4 (Reuters) – TSMC (2330.TW), shares opened down 2.25% on Tuesday after the world’s largest contract chipmaker said it will invest $100 billion in the United States.
Taiwan Semiconductor Manufacturing Co announced the plan as CEO C.C. Wei met with U.S. President Donald Trump at the White House on Monday.

Reporting by Wen-Yee Lee and Faith Hung; Editing by Christopher Cushing

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