From MarketBeat: 2024-06-10 07:25:26

The U.S. and China battle for semiconductor supremacy, offering investors an opportunity with the new CHIPS Act funding. Stocks like Intel and Samsung benefit, but Taiwan Semiconductor Co. is flying under the radar. With $11.6 billion from the U.S., Taiwan Semiconductor is a key player in the onshoring of semiconductor manufacturing.

As a major player in the global semiconductor supply chain, Taiwan Semiconductor is positioned for success with top customers like Apple and Nvidia. Government funding and investor interest are boosting the stock, with analysts projecting growth and share price targets of $180.

Taiwan Semiconductor’s financials remain strong, with increasing free cash flow and a share buyback program in motion. As U.S. expansion plans and earnings growth are on the horizon, the stock’s high upside momentum attracts investors seeking stable and profitable options in the ever-evolving technology sector.



Read more at MarketBeat: What’s Behind Taiwan Semiconductor’s Stock Surge?