11 AI News and Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 156  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. On November 5, news publication Financial Times reported that Wendell Huang, the CFO of TSM, had told investors last month that the semiconductor foundry expected to pay more for its power in Taiwan than in other countries around the world. The CFO said that the price had doubled in the past few years, and next year, the firm expected the electricity price in Taiwan to be the highest among all the regions it operated in. The company has previously said that gross margins could take a 1 percentage point hit due to high power prices in the coming year.

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