5 Semiconductor Stocks Billionaires Are Loading Up On

4. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Billionaire Investors: 17

Dollar Value of Billionaire Holdings: $2,828,088,576

Number of Hedge Fund Holders: 102

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Hsinchu, Taiwan-based leading global semiconductor company founded in 1987. The company is known for its expertise in manufacturing advanced semiconductor chips and providing foundry services to fabless semiconductor companies.

During an annual meeting in Omaha, Nebraska, on May 6, the Chairman and CEO of Berkshire Hathaway Inc (NYSE:BRK-B) highlighted that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the “best-managed and important companies in the world.” The billionaire hedge fund manager believes that no other semiconductor company comes in close comparison to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), making it one of the best semiconductor stocks.

Here’s what Wedgewood Partners said about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q1 2023 investor letter:

“Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) contributed to performance as revenues grew +27% (in USD) from the year ago quarter. Despite this strength, the Company’s customers have seen near-term weakness in demand due to Covid-19 normalization as well as the launch timing of new products. However, the Company is well-positioned to continue a long-term growth trajectory because its leading-edge capacity is being absorbed by high-performance computing applications, particularly at nontraditional integrated circuit (IC) design houses, such as Apple, Alphabet and Amazon, which have become IC-design powerhouses over the past decade. Importantly, the Company’s aggressive investment in leading-edge equipment, tight development with fabless IC designers, and embrace of open development libraries, should continue to foster a superior competitive position and attractive long-term growth.”