1 Top Tech Stock to Buy Hand Over Fist Before TSMC's Spending Splurge Begins
Taiwan Semiconductor Manufacturing (NYSE: TSM), popularly known as TSMC, is the world's largest semiconductor foundry that manufactures chips for fabless semiconductor companies. Its customers include popular names such as Nvidia, Apple, Advanced Micro Devices, Broadcom, Qualcomm, and others.
TSMC controls 62% of the global foundry market, enjoying a significant lead over second-place Samsung, which has a market share of just 13%. So, TSMC is in a solid position to make the most of the secular long-term growth opportunity in the semiconductor market, which is getting a nice boost thanks to a new catalyst in the form of artificial intelligence (AI) that's positively impacting multiple end markets.
The global semiconductor market's revenue is expected to cross $1.3 trillion in 2032, up from $547 billion last year. This explains why TSMC is set to spend a lot on enhancing its manufacturing footprint. The company's board recently approved a $30 billion investment plan to install and upgrade advanced chip manufacturing facilities, construct new fabs, and also shore up its advanced packaging and specialty chip manufacturing abilities.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
With 27 Buy predictions and not a single Sell prediction Taiwan Semiconductor Manufacturing Co. Ltd. ADR is an absolute favorite of our community.
As a result the target price of 218 € shows a positive potential of 20.31% compared to the current price of 181.2 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR.
