Lobbying Update: $540,000 of TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY (TSMC) lobbying was just disclosed

$540,000 of TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY (TSMC) lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.

This included lobbying on issues like:

"HR4346 - CHIPS & Science Act Export control measures on artificial intelligence hardware including legislation impacting export control process for advanced semiconductor technologies Department of Commerce - Export Administration Regulations - changes to Entity List and other amendments Department of Commerce and USTR - Indo-Pacific Economic Framework Department of Commerce and USTR - World Trade Organization Department of Commerce and USTR - 21st Century Trade Initiative with Taiwan Department of Commerce and USTR - US-EU Trade & Technology Council
HR 4346 - CHIPS & Science Act HR 5988 / S 3084 - United States-Taiwan Expedited Double-Tax Relief Act Discussions with Treasury officials on implementation of 25% investment tax credit for advanced semiconductor manufacturing HR 7024 - Tax Relief for American Families and Workers Act of 2024 House and Senate - Discussions regarding the corporate tax rate, BEAT, FDII, and GILTI
Discussions with the Department of Commerce Bureau of Information Security on changes to the "Entity List" and other amendments to the Export Administration Regulations (85 Fed. Reg. 23460). Discussions related to the Department of Commerce, the National Institute of Standards and Technology regarding the planning and design of programs to implement the CHIPS for America Act. Discussions with the Department of Commerce and the United States Trade Representative regarding the United States and European Union Trade & Technology Council, the proposed Indo-Pacific Economic Framework, the World Trade Organization, and the 21st Century Trade Initiative with Taiwan. Export control measures on artificial intelligence hardware including legislation impacting export control process for advanced semiconductor technologies
Discussions related to general manufacturing workforce development issues, including high skilled immigration reform, talent pipeline programs,and education needs for advanced semiconductor manufacturers.
Discussions on policy changes affecting the use of certain chemicals in the semiconductor manufacturing process, streamlining environmental permitting for certain semiconductor manufacturing projects. HR 4549 Energy and Water Development and Related Agencies Appropriations Act S 2226 National Defense Authorization Act S 2228 Building Chips in America Act Clean Air Act emissions reduction credit rule
Discussions on policy changes affecting the use of certain chemicals in the semiconductor manufacturing process, streamlining environmental permitting for certain semiconductor manufacturing projects. HR 4549 Energy and Water Development and Related Agencies Appropriations Act S 2226 National Defense Authorization Act S 2228 Building Chips in America Act Clean Air Act emissions reduction credit rule
Discussions regarding policy changes affecting the Foreign Agents Registration Act (FARA)
Policy changes to the patent trial and appeal board S. 2220 "Promoting and Respecting Economically Vital American Innovation Leadership Act""

You can find more data on corporate lobbying on Quiver Quantitative.

TSM Congressional Stock Trading

Members of Congress have traded $TSM stock 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $TSM stock by members of Congress over the last 6 months:

• REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 10/24, 10/04, 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

TSM Hedge Fund Activity

We have seen 1,083 institutional investors add shares of TSM stock to their portfolio, and 881 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• JPMORGAN CHASE & CO removed 6,949,200 shares (-16.6%) from their portfolio in Q3 2024, for an estimated $1,206,867,564
• CAPITAL WORLD INVESTORS removed 4,741,347 shares (-11.8%) from their portfolio in Q3 2024, for an estimated $823,429,733
• MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 4,545,600 shares (-18.3%) from their portfolio in Q3 2024, for an estimated $789,434,352
• FMR LLC added 3,783,802 shares (+7.2%) to their portfolio in Q3 2024, for an estimated $657,132,893
• ALLIANCEBERNSTEIN L.P. added 3,512,122 shares (+179.8%) to their portfolio in Q3 2024, for an estimated $609,950,227
• BAILLIE GIFFORD & CO removed 3,117,899 shares (-59.4%) from their portfolio in Q3 2024, for an estimated $541,485,519
• PINESTONE ASSET MANAGEMENT INC. removed 2,841,080 shares (-36.5%) from their portfolio in Q3 2024, for an estimated $493,410,363

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.