9 Important AI News and Ratings on Investors’ Radar

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

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is dedicated to advancing AI technologies by creating cutting-edge semiconductor processes for various industries.

Kyodo News reported that Taiwan Semiconductor (NYSE:TSM) has begun mass production at its first factory in Kumamoto Prefecture, Japan, producing 12 to 28-nanometer logic chips for industries such as automotive and image sensors, with customers including Sony and Denso. TSMC plans to build a second factory nearby, which will produce more advanced 6-nanometer chips, with construction set to start by March 2025 and operations expected by late 2027. The Japanese government is providing over 1 trillion yen in subsidies to TSMC to reduce dependence on Taiwan, as geopolitical tensions with China highlight the need for secure domestic chip production.