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

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces integrated circuits and semiconductor devices, offering a wide range of wafer fabrication processes for various industries, including computing, smartphones, IoT, and automotive.

On January 17, Taiwan Semiconductor Manufacturing Company’s (TSMC) CEO, C.C. Wei said that the company’s new U.S. plant in Arizona is facing significant delays and challenges due to complex compliance issues, local construction regulations, and supply chain gaps, Reuters reported. The process of obtaining permits has taken twice as long as in Taiwan, making it unlikely that the U.S. plant will receive the most advanced chip technology before Taiwan. Despite these issues, including a shortage of skilled workers and high chemical supply costs, Wei expressed confidence that the Arizona plant would eventually produce high-quality chips. TSMC has received strong support from the U.S. government as part of efforts to diversify chip production outside Asia, the report states.