Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is a top stock to buy and hold forever with investments in capex and R&D leading to barriers for competitors. It’s the only foundry producing cutting-edge chips like 3nm and moving towards 2nm.

Despite geopolitical concerns, the Trump administration is considering equity stakes in semiconductor firms funded by the CHIPS Act. TSMC and Micron are excluded due to existing U.S. investments, with reports of TSMC discussing subsidy returns if equity stakes were required.

Analysts remain bullish on Taiwan Semiconductor (NYSE:TSM) as the stock nears its 52-week high. Consensus estimates suggest over 18% upside potential, with some forecasts indicating gains of up to 30%.

Bernstein reiterates an Outperform rating on TSMC with a $249 price target, emphasizing the company’s scale in the semiconductor equipment market and its commitment to U.S. facilities. TSMC is the largest dedicated semiconductor foundry globally, serving various industries.

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Read more at Yahoo Finance: Bernstein Remains Bullish on Taiwan Semiconductor (TSMC) Amid Subsidy Debate