taiwan semiconductor manufacturing co. ltd.

Taiwan was struck by its biggest earthquake in 25 years this week and the country's semiconductor industry may face some disruptions as it restores operations.

Arm Holdings, the Cambridge, England-based designer of chips used in devices ranging from computers and smartphones to data servers is set to hold the biggest U.S. IPO in two years.

The U.S. manufacturing sector is benefitting from firms reshoring their operations from overseas back to the U.S. as they try to mitigate vulnerabilities in their supply chains.

A bipartisan group of senators introduced legislation Friday that would incentivize U.S. suppliers and manufacturers to boost domestic semiconductor production.