Chip Stock Selloff Deepens in Asia as TSMC Fails to Impress

Asian chip stocks experienced a deepening selloff as Taiwan Semiconductor Manufacturing Co. reported strong results that failed to meet high investor expectations. This triggered concerns regarding heavy spending and a diminished profitability outlook. Simultaneously, China AI shares tumbled as a Wall Street rout intensified the broader selloff across the Asia tech sector. The market reaction reflects investor anxiety over the sustainability of current spending levels and the future growth of semiconductor companies.