(Bloomberg) -- A measure designed to speed up the construction of semiconductor projects in the US was stripped out from must-pass defense legislation after objections from US House Speaker Mike Johnson and other Republicans, according to people familiar with the matter.Most Read from BloombergElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferApple Readies New iPads and M3 MacBook Air to Combat Sales SlumpGlobal Bonds Power Ahead as Dovish Bets Take Hold: Markets WrapKevin McCarth
In the most recent trading session, TSMC (TSM) closed at $97.85, indicating a +1.2% shift from the previous trading day.
Advanced Micro Devices' (NASDAQ: AMD) turnaround over the past six years couldn't have gone any better. A combination of good products, industry-leading manufacturing technology from Taiwan Semiconductor Manufacturing Company (TSMC), and delays and missteps by Intel (NASDAQ: INTC) has made AMD competitive. AMD is now worth more than Intel, a situation that would have been unthinkable a few years ago.