TSMC chips in $100B more

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to be here with you on this Thursday, July 16th. I'm Julie Morgan. Taiwan Semiconductor Manufacturing plans to invest an additional $100 billion to expand its U.S. chipmaking capacity. This expands the company's total investment plan to $265 billion. The additional investment will fund the construction of four new chip fabrication plants to produce logic chips with two-nanometer process technology, bringing TSMC's planned U.S. footprint to 10 fabs in two advanced packaging facilities. TSMC's first US fab in Phoenix began volume production of four nanometer chips in late 2024, while its second facility is expected to start manufacturing more advanced three nanometer chips in the second half of next year. TSMC also reported earnings. You can see a full breakdown on its dedicated page on Seeking Alpha for full analysis Uber Technologies launched a public takeover offer for Germany Delivery Hero valuing the food delivery company at about billion in equity value The ride-hailing platform is offering €41.50 in cash per share. The acquisition is conditional on securing acceptances representing at least 50% plus one share of Delivery Hero's outstanding stock. Uber currently holds an economic interest of about 37% in Delivery Hero, including equity derivatives, while Proces, which owns about 17% of the company, has agreed to tender its shares into the offer. Separately, Delivery Hero agreed to sell businesses spanning 14 markets to New York-based investment firm SSW Partners for about 1.4 billion euros. Uber will acquire businesses across 50 markets that generated about $42 billion in gross bookings. The transaction is expected to close in the second half of 2027. And the next time you fly, think about this one. United Airlines said on Wednesday it will introduce a new Economy Plus seating option featuring an empty middle seat on select flights The new configuration will initially be available in one row on the airline new Airbus A321XLR aircraft Instead of a middle seat the space will be replaced with a shared table between the aisle and window seats, providing passengers with additional room. United said pricing and sales details will be announced later this year and indicated the concept could be extended to other aircraft in the future. The announcement follows United's earlier disclosure that it plans to introduce United relax rows beginning early next year, which will allow economy passengers on some wider Boeing aircraft to convert a row of three seats into a couch after takeoff. Now for a few other articles that are trending. Seeking Alpha is asking, should Disney get out of the streaming business? This article already has several comments, and they are interesting. SpaceX short sellers notched $3.8 billion in mark-to-market gains. And President Trump is reportedly considering high-stakes military escalation in Iran. On Wall Street at this early hour stock index futures are lower before the opening bell Crude oil is down 0 at a barrel By the way, it was $79 at this time yesterday as well. The FTSE 100 is down 0.3%, and the DAX is also down 0.3%. EOS Energy Enterprises is one of our biggest movers this morning. EOSE is up 14% after the company bagged a U.S. Department of War contract. And I have four items for you on today's economic calendar, two items at 8.30 a.m. and the final two at 10 a.m. We have jobless claims, retail sales, housing market index, and the pending home sales index. That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.