Taiwan Semiconductor Manufacturing Company Limited (TSM) Not at Risk of Losing Competitive Edge, CEO Says

We recently published Ray Dalio Stock Portfolio: 10 Best Stocks to Buy. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of Ray Dalio’s best stocks to buy.

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.

Taiwan Semiconductor Manufacturing Company Limited (TSM) Not at Risk of Losing Competitive Edge, CEO Says

For illustration purposes only. Photo from Pixabay/Pexels

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.

While we acknowledge the risk and potential of TSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1