Taiwan Semiconductor Manufacturing Company Limited (TSM) Stands to Benefit From Rising Demand for Advanced AI Chips

Baillie Gifford & Co, an independent investment management firm, released its third-quarter 2026 investor letter for “International Concentrated Growth Strategy”.  A copy of the letter can be downloaded here.  The strategy outperformed its benchmark in the third quarter of 2026, as strong company-specific developments in biotechnology and digital platforms helped offset weakness in parts of the semiconductor supply chain and luxury-goods holdings. The strategy’s one-year net return...