US Stock Market Move | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rises over 6%, plans to enter advanced memory chip manufacturing.

On Friday, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose over 6% to $376.65. On the news front, according to reports, two sources said that Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR is considering expanding into advanced memory chip manufacturing, a move that would give the world's largest chipmaker a larger share of the AI hardware supply chain. Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.N) recently began making plans to produce a specific type of advanced memory chip3D DRAMin response to a request from its largest customer, NVIDIA Corporation (NVDA.O). DRAM stands for dynamic random access memory, which holds data while a processor uses it. Unlike traditional DRAM, which places memory cells in a single layer, 3D DRAM stacks cells vertically to hold more memory. Memory chip manufacturing is currently dominated by Samsung Electronics, SK Hynix, and Micron Technology, Inc. These three companies are also developing 3D DRAM technology, competing in next-generation memory manufacturing. The severe memory chip shortage triggered by the AI hardware boom has sent prices soaring and prompted chip design companies such as NVIDIA Corporation and Apple Inc. to seek additional sources of supply.