20 AI News You Probably Missed

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12. 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. Latest reports suggest that the company is manufacturing Apple A16 chips, used in iPhones 14 Pro and 14 Pro Max, as well as 15 and 15 Plus, at the new Arizona plant in small but significant numbers. A Bloomberg report suggests that the volume of production would ramp up considerably when the second stage of the Phase 1 fab at the Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) facility was completed and production was underway, which would put the Arizona project on track to hit its target for production in the first half of 2025.

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