🔴 TSMC is trading 3.2% down in after-hours trading amid chip selloff after Intel’s weak fourth-quarter outlook

TSMC is trading 3.2% lower at $418.00, with the move appearing mainly tied to an after-hours semiconductor selloff following Intel’s weak fourth-quarter outlook.

• Reuters reported broad chip-stock pressure after Intel’s report; the decline was not tied to a negative TSMC announcement.
• TSMC closed at $431.81 on October 29.
• Separately, reports say TSMC is weighing a 10%–20% CoWoS packaging price increase amid strong demand, making that news a less convincing explanation for the decline.