1 Favorable Trend That Explains the 99% Increase in Taiwan Semiconductor's Stock Price
The Motley Fool
SEPTEMBER 20, 2024
Shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) have soared over the last year, largely due to the soaring demand for cutting-edge chips capable of handling artificial intelligence (AI) workloads and a rebound in the broader semiconductor sector. TSMC, as the company is also known, is the world's largest contract manufacturer of semiconductors, serving companies like Apple , Nvidia , Broadcom , and AMD.
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