5 Best Nanotechnology Stocks to Buy Now

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1. Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM)

Hedge Fund Holdings: 87

Based in Hsinchu, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world’s most valuable semiconductor company, and continues to lead the technology market in nano innovation. In 2021, Taiwan Semiconductor Manufacturing Company (NYSE:TSM) produced the TSMC 3-Nanometre Chip and entered into contracts with Apple, Qualcomm, and Nvidia for the development and sale of the chips.

On November 28, Erste Group analyst Hans Engel upgraded Taiwan Semiconductor Manufacturing Company (NYSE:TSM) to Buy from Hold. According to the analyst, the company’s first fab in the U.S. positively contributes to the global diversification of its production facilities.

Here is what Wedgewood Partners had to say about Taiwan Semiconductor Manufacturing Company (NYSE:TSM) in their Q3 2022 investor letter:

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) detracted from performance despite business performance that saw revenue growth accelerate to over +40% growth (in TWD) and lapped +20% revenue growth from a year ago. The Company is one of the few fabs in the world that is capable of manufacturing leading-edge integrated circuits (IC). TSM’s leading edge capacity is being absorbed by high-performance computing applications, particularly in the case of Apple, which has become an IC powerhouse over the past decade. The Company’s aggressive investment in leading-edge equipment, tight development with fabless IC designers and embrace of open development libraries, should continue to foster a superior competitive position and attractive long-term growth.”

Follow Taiwan Semiconductor Mfg Co Ltd (NYSE:TSM)

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