35 Trending AI Stocks on Latest Analyst Ratings and News

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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. The firm recently announced plans to construct two additional fabrication plants (fabs) in Kaohsiung, Taiwan, increasing its total number of facilities in the region to five, according to a report by Data Center Dynamics. These fabs, labeled P4 and P5, are currently in the planning stages, with environmental assessments expected to commence soon. The city’s mayor initially disclosed these developments. The announcement follows TSMC’s earlier plan to build a third 2nm fab at the Nanzih Technology Industrial Park, a 238-hectare site in Kaohsiung. Construction is already underway for P1, with mass production anticipated to begin next year. P2 and P3 are in progress, but construction has faced delays due to extensive soil reclamation and cleanup efforts required after the land, previously occupied by a state-owned oil refinery, was repurposed for the new fabs.

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