10 AI News Updates You Should Not Miss

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6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 158  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. Latest reports suggest that TSM could be one of those impacted by a recent Japanese government decision to allocate nearly $10 billion towards the research and development of chips and quantum computing. According to a report by news platform Bloomberg, Japan plans to rival American and Taiwanese dominance in chip manufacturing. A substantial portion of the award would go towards Rapidus, a Japanese chip manufacturer that aims to achieve mass production by 2027.

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