Taiwan Semiconductor Manufacturing Corp (TSM) Shows Strong Growth Potential in Semiconductor Industry

Taiwan Semiconductor Manufacturing Corp (TSM) is a crucial player in the global economy, reshaping the semiconductor industry with cutting-edge technologies. With plans to build a new foundry in Phoenix, Arizona, TSMC’s investment of $65 billion in the US will create jobs and strengthen national competitiveness.

TSMC’s advanced fabs in Arizona will operate at the forefront of semiconductor technology, starting production in 2025. The company’s commitment to building a third fab, utilizing 2nm technology, highlights its role in onshoring semiconductor manufacturing and driving economic growth in the US.

The semiconductor industry, led by companies like TSMC and NVIDIA, is experiencing significant growth fueled by AI and data center demand. With forecasts predicting a 30% CAGR in the AI data center chipset market, opportunities for investment in semiconductor stocks like TSM and NVDA are on the rise.

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Read more at Nasdaq: Bull of the Day: Taiwan Semi (TSM)