Harvard University Stock Portfolio: Top 10 Stock Picks

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

Number of Hedge Fund Holders: 224

Harvard Management Company’s Stake: $93.23 Million

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is among the Harvard University Stock Portfolio: Top 10 Stock Picks.

On April 23, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced that it will delay the deployment of ASML’s high-numerical-aperture (high-NA) EUV lithography machines until at least 2029. The company’s Deputy Co-COO Kevin Zhang cited the cost of the equipment, which exceeded €350 million per unit, as the primary factor. Instead, the company intends to continue optimizing current EUV technology for its A13 chips, which are anticipated to go into production in 2029. This decision poses a strategic challenge for ASML, which anticipates high-volume production by 2027. With the company’s capital expenditure nearing $56 billion in 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to maintain its 56% gross margin, strongly anticipating the cost to deliver satisfactory returns.

Prior to this, on April 22, 2026, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) expanded its partnership with Synopsys to power next-generation AI systems with silicon-proven IP and certified EDA flows. On the same day, the company also extended its long-standing relationship with Cadence to accelerate the design of next-generation AI silicon.

Founded in 1987, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s leading dedicated semiconductor foundry. Based in Taiwan, the company carries on the business of manufacturing and selling integrated circuits and wafer semiconductor devices.