Taiwan Semiconductor Manufacturing opens 2.5% lower

TSMC shares fell 2.5% at the open as investors booked profits across the semiconductor sector ahead of key chip industry conferences this week. The pullback follows recent gains driven by AI infrastructure demand, now tempered by concerns over global inventory realignment and order visibility. Analysts said short-term volatility is likely as manufacturers recalibrate production levels, though longer-term AI-related capital spending remains a structural support for the sector.