To The Moon

TSMC is building a multibillion-dollar facility in Phoenix, Arizona, to produce cutting-edge chips for U.S. clients. (Photo courtesy of TSMC)PHOENIX, U.S. -- Taiwan Semiconductor Manufacturing Co. is to more than triple its investment in the U.S. to $40 billion and bring the world's most advanced chip production technology to the country by 2026, in a victory for Washington's push to onshore vital parts of the semiconductor supply chain.TSMC, the world's biggest contract chipmaker, announced on Tuesday it will increase its investment in Arizona, where it is building a $12 billion chip facility, to $40 billion in order to build a second, even more advanced plant there.The announcement came ahead of an equipment installation ceremony at the first facility on Tuesday, attended by U.S. Preside

Economists at JPMorgan Chase said the Federal Reserve would likely raise interest rates by 25 basis points at each of the future policy meetings until March 2023 in an effort to get soaring inflation

Apple leads the market cap race with $2.8 trillion in valuation.