Prediction: Taiwan Semiconductor Manufacturing Will Soar Over the Next 5 Years. Here's 1 Reason Why.

Semiconductors are the underappreciated champions of the tech world. They're found in smartphones, computers, TVs, appliances, cars, and hundreds of other items people interact with daily.Many of the semiconductors used in these products come from Taiwan Semiconductor Manufacturing (NYSE: TSM), the largest chip foundry in the world. It's been a great five years for TSMC stock with its 330% gain, and the next five years look just as promising. The reason is artificial intelligence (AI) and TSMC's role in it.The best way to understand why TSMC is so well-positioned for the next five years is to work backward, starting with the AI applications many people have begun interacting with over the past few years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool