AI News Investors Probably Missed

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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. Latest reports suggest that the company is mulling plans to partner with electronics giant Samsung to build mega chip factories in the United Arab Emirates. These factories would help satisfy soaring demand for artificial intelligence computing, per The Wall Street Journal. Senior executives from the company have already visited sites in the Middle Eastern country for the purpose. Such projects cost more than $100 billion to complete, and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is already setting up such facilities in the United States, Japan, and Germany. The UAE has in the past few years tried to diversify away from a petrochemical economy, opening up to investments in areas like AI.

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