This is What Taiwan Semiconductor Manufacturing Company Limited (TSM) CEO Sees Happening

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of billionaire Ken Fisher’s top high growth stock picks. TSM shares have gained more than 40% over the past six months and more than doubled over the past year.

This is What Taiwan Semiconductor Manufacturing Company Limited (TSM) CEO Sees Happening

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), also known as TSMC, is working hard to meet the AI-driven demand for semiconductor chips, according to the company’s CEO C.C. Wei. Speaking at the company’s annual shareholder meeting on June 4, Wei noted that demand is so high, and that TSMC does not want to become the bottleneck in the AI supply chain.

The company is expanding its production capacity, with plans to build new factories in the US. It looks to invest $165 billion in the US production project. But Wei said it would take time before TSMC can meet customers’ needs for US-based production.

As it expands production, TSMC has identified robots and autonomous vehicles as long-term growth drivers. According to the CEO Wei, TSMC will work hard to ensure that robots succeed. TSMC may raise prices for customers as component costs continue to rise.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest chip foundry. It manufactures a wide variety of semiconductor chips on a contract basis for customers like Apple, Qualcomm, Nvidia, and AMD.

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 this cheapest AI stock.

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