TSMC

TSMC is one of the world's leading semiconductor foundries and a core company in the supply chains for AI, high-performance computing and advanced manufacturing processes. Recent demand for AI chips has lifted revenue, while capacity for power-management integrated circuits and sensors on mature process nodes has tightened. The company has also increased its U.S. investment and raised capital spending. Meanwhile, equipment price increases, competitors' efforts to win AI orders and growing concerns about excess capacity and a correction in technology stocks are creating risks. TSMC's investment pace, capacity allocation and profitability will affect global semiconductor supply and demand as well as Taiwan's economy, making the company worth watching closely.