Starter Stock Portfolio: 12 Safe Stocks to Buy

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

No. of Hedge Fund Holders: 186

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices globally, dominating the global foundry market with 50% market share.

At the end of January, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) stock price slumped after the news of a Chinese AI company producing a more efficient AI model, similar to all other tech giants. If anything, analysts believe this creates a buying opportunity for investors who wish to jump on the chance to invest further. CEO C.C. Wei and President Trump met earlier this year and stated the company will invest $100B in new capital in the U.S. over the next four years as it looks to boost its presence in the country.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was one of the tech firms specifically named by China, which would be hit by the country’s retaliatory tariffs on US tech companies, with a tax rate of 34%. The names also included other tech giants such as well. In contrast, President Trump, in a speech nicknamed “Liberation Day”, highlighted TSMC as a firm that would avoid tariffs from the US’s government policies.

The company reported a revenue of $26.73 billion and an EPS of $0.02 for Q4 2024. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s twelve-month trading price is $247.07, representing an upside of nearly 70%.