Prediction: Taiwan Semiconductor Manufacturing Will Soar Over the Next 5 Years. Here's 1 Reason Why.
Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading semiconductor (chip) foundry. Its foundry business model means it makes chips tailored to its customers' specific needs, and key partners include Nvidia, Apple, and Advanced Micro Devices. To see how vital the company, also known as TSMC, is to AI development, it's important to work backward, beginning with the end product: AI applications.