TSMC shares rise 3% after Elon Musk confirms TeraFab talks

By Reuters News

** Shares of TSMC 2330.TW rise 3% after Elon Musk confirms talks with the company

** Benchmark Taiwan SE Weighted Index .TWII up 2.4%

** Tesla TELA.O and SpaceX SPCX.O CEO Musk said on Saturday on X that there were discussions over potential cooperation between TSMC and his chipmaking project, Terafab

** Responding on X to a screenshot of an article headlined "TSMC Exploring Plans to Work With Elon Musk's TeraFab," Musk wrote on Saturday: "Just discussions, but something may come of it"

** Shares of TSMC have risen 66% so far this year

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