12 AI News and Ratings Investors Probably Missed

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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) manufactures and sells integrated circuits and semiconductor devices, offering various fabrication processes. Its products are used in industries like high-performance computing, smartphones, automotive, and consumer electronics.

According to a report by Reuters, Taiwan Semiconductor (NYSE:TSM) is in talks with Nvidia to produce its Blackwell AI chips at TSMC’s Arizona facility, which is set to begin volume production in 2025. The chips, currently made in Taiwan, are in high demand for generative AI and computing tasks. While the Arizona plant will handle the chips’ front-end process, packaging will still take place in Taiwan due to the absence of CoWoS technology in the U.S. facility. Taiwan Semiconductor’s (NYSE:TSM) Arizona plant already serves customers like Apple and AMD. This expansion is part of TSMC’s significant investment in Phoenix, supported by U.S. government subsidies to boost domestic chip production.

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