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, reports published by news platform Bloomberg suggested that the company had finished talks with peer GlobalFoundries over binding agreements for billions of dollars in grants and loans to support US factories. The agreements come as the administration of US President Joe Biden tries to accelerate Chips and Science grants to companies before the end of term in January. The package for TSM, announced back in April, includes $6.6 billion in grants and as much as $5 billion in loans to support the construction of three semiconductor factories in Phoenix.

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