TSMC Stocks Rise as Packaging Moves Closer to Suppliers

Taiwan Semiconductor Manufacturing NYSE:TSM, the world's largest contract chipmaker, is setting up an advanced-packaging testing and training hub in Kaohsiung. Its U.S. shares rose about 0.4% to $453.02 around 10:28 a.m. ET Friday, based on Thursday's $451.15 close.The plan gives suppliers a place…