Ray Dalio Stock Portfolio: 10 Best Stocks to Buy

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

Bridgewater Associates’ Stake Value: $363,998,848

On June 4, WSJ reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Chief Executive C.C. Wei told shareholders the company is not losing its edge in next-generation chip manufacturing.

He said the firm has already purchased ASML’s High-NA EUV lithography machines and is conducting research and development before placing them in high-volume production. “The fact is, we have already purchased that equipment… It is simply not yet being deployed for volume mass production,” Wei said, declining to disclose how many systems TSMC has acquired.

Wei said Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)  is prioritizing manufacturing economics. It focuses on improving machine efficiency to reduce costs before introducing the equipment into everyday production. He also commented that the firm will place the systems only when doing so becomes financially profitable.

The Wall Street Journal said rivals such as Intel have started using the technology, whose machines can cost up to $400 million each. Wei’s remarks follow comments from TSMC executive Kevin Zhang, who said in April that many current manufacturing goals remain achievable with standard EUV tools because the newer equipment is “very expensive.”

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells integrated circuits and wafer-based semiconductor devices.