Taiwan Semiconductor rises as Tesla reportedly picks fab over Samsung for 4nm chip orders
PonyWang

Taiwan Semiconductor (NYSE:TSM) shares rose fractionally in premarket trading on Thursday as the global foundry is reportedly the recipient of a large 4 nanometer chip order from Tesla (NASDAQ:TSLA).
Led by Elon Musk, Tesla (TSLA) reportedly picked Taiwan Semiconductor (TSM) over Samsung (OTCPK:SSNLF) for the order, with the chips slated to be used in future self-driving systems, Digitimes Asia reported.
The chips are likely to be made at Taiwan Semiconductor's (TSM) Arizona plant, scheduled to open in 2024.
Tesla (TSLA) has used Samsung (OTCPK:SSNLF) for other components in its electric vehicles.
Taiwan Semiconductor's (TSM) Chairman Mark Liu said at an event earlier this month that the company's new Arizona manufacturing fab would generate $10B in revenue when it is up and running.
Liu added that more than 600,000 wafers would be manufactured per year at the plant. He was at the plant during President Joe Biden's visit to Arizona, along with Apple (AAPL) CEO Tim Cook, Nvidia (NVDA) CEO Jensen Huang, Advanced Micro Devices (AMD) CEO Dr. Lisa Su and others.
Earlier this month, Taiwan Semiconductor (TSM) reported November net revenue of ~NT$222.71B, up 5.9% from October and 50.2% year-over-year.