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TSMC edges higher as Taiwan pitches political stability for semis

Taiwan turned political stability into a semiconductor selling point as President Lai Ching-te said democracy and the rule of law underpin the island’s position; TSMC inched about 0.2% higher to $414.62.

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Taiwan Semiconductor Manufacturing NYSE:TSM, the world's largest contract chipmaker, inched roughly 0.2% higher to $414.62 Wednesday as Taiwan turned political stability into a semiconductor selling point.

President Lai Ching-te said democracy and the rule of law underpin the island's position as a…