Taiwan Semiconductor Manufacturing Co
Taiwan Semiconductor's $877 billion market cap reflects a strong demand for artificial intelligence (AI) and a robust semiconductor ecosystem.
It also looks to double its production capacity for Chip on Wafer on Substrate (CoWoS) technology by 2024.
Additionally, Taiwan Semiconductor intends to raise prices for its 3-nanometer and 5-nanometer process products by up to 8%, a strategic move that could further solidify its market position and enhance profitability.
Taiwan Semiconductor clocked a second-quarter topline growth of 40.1% year-over-year, quashing the analyst consensus backed by strong demand for 3-nanometer and 5-nm technologies.
Samsung Electronics also makes strategic advancements, particularly in AI and high-performance computing (HPC) applications. The company is focusing on advancing its 2nm process to meet future technologies' high-performance, low-power, and high-bandwidth requirements.
Intel Corp
Taiwan Semiconductor stock gained 80% in the last 12 months. Intel plunged over 40%.
Investors can gain exposure to the semiconductor sector through SPDR S&P Semiconductor ETF
Price Action: TSM stock traded lower by 0.81% at $167.70 premarket at the last check Tuesday.