Top 10 Semiconductor Stocks to Buy Now

2. 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. The company hit sales exceeding $88 billion in Q4 of 2024, with further investments in AI infrastructure.

At the end of January 2025, 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 onto the chance to invest further. The company’s CEO C.C. Wei and President Trump stated last week that 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 U.S. A spokesperson stated:

“Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States. We’re pleased to have an opportunity to meet with the President and look forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers.”

A month prior, the US applied trade tariffs to China, company representatives met with the legal counsel of the US Commerce Department, and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) spokesperson stated that the company is dedicated to adhering to all relevant laws and regulations and remains fully committed to following the newly introduced export control rules.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has already received $1.5B of the CHIPS Act grant as part of previously agreed upon milestones. The company’s share price stands at $177.12 as of Friday, 7th March 2025, and a consensus of the average price prediction for trading twelve months at $244.27, an upside of 18.51%.