12 AI Stocks Poised for Massive Growth

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

Number of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) produces and sells a range of semiconductor devices for industries like smartphones, automotive, IoT, and high-performance computing worldwide. On March 12, Reuters reported that TSM has proposed U.S. chip designers Nvidia, Advanced Micro Devices, and Broadcom about taking stakes in a joint venture that would operate Intel’s factories.

According to the sources in the report, TSMC has proposed to operate Intel’s foundry division which customizes chips for clients. However, it would not own more than 50%. These talks, albeit at an early stage, come after U.S. President Donald Trump’s administration requested TSMC to help turn around Intel. Any final deal would need approval from the Trump administration, the report noted.

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