15 AI Stocks That Are Dominating Headlines

Page 10 of 15

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

Market Capitalization: $851 Billion  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. On November 14, news agency Reuters reported that Yang Chin-long, the governor of Taiwan’s central bank, highlighted the importance of cordial relations between the US and Taiwan under a new US president, and affirmed that TSM investment in China – the chipmaker is spending $65 billion to build chip facilities in the country – could help address a trade imbalance between the two countries. In his last term as president, Donald Trump had imposed tariffs on Chinese firms but spared Taiwan.

Page 10 of 15