BofA Reiterates Buy on Taiwan Semiconductor (TSM) After Tech Symposium

Steve Cohen ranks among the richest hedge fund managers in the world. Accounting for a 1.59% share of the billionaire’s portfolio, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among Steve Cohen’s top stock picks.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) demonstrated advancements in its next-gen chipmaking and packaging technology at the 2026 Taiwan Technology Symposium in Hsinchu on May 14.

Executives from the company announced large-scale manufacturing of what they called the largest chip-on-wafer-on-substrate (CoWoS) packaging solution this year, along with the new A13, A12, and N2U processing technologies.

Vice-President Yuan Li-Pen stated that TSMC anticipates starting production in 2028 of a 14-reticle-size CoWoS platform that can include 20 high-bandwidth memory (HBM) chips in response to future demands for high-performance computing.

Following the symposium, Bank of America reaffirmed its Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). The bank contends that concerns about its foundry dominance are unfounded.

The firm believes “recent concerns are overdone” and TSMC’s scale and technology edge in advanced nodes will continue to increase the gap with its competitors, said analyst Haas Liu. Liu maintained a price objective of TWD 2,560 (Taiwan dollars) on the company stock.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading Taiwanese semiconductor manufacturer. The company’s core offerings include wafer fabrication, mask manufacturing, and engineering support services.

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