Taiwan Semiconductor Manufacturing Co. (TSM - Free Report) is Silicon Valley’s go-to chip manufacturer. TSMC strategic Arizona plant will manufacture cutting-edge 5 nanometer transistors. The advanced semiconductor plant will cost $12 billion and its target completion is 2024.
This news followed the Trump Administration voicing its concern about chip-makers reliance on Asia. According to sources familiar with the matter, both the State and Commerce Department are involved with the plans.
Innovative chipmakers like Qualcomm (QCOM - Free Report) , Nvidia (NVDA - Free Report) , and AMD (AMD - Free Report) rely on TSMC for their manufacturing needs. TSMC’s move to the US marks a big win for US semiconductor companies. TSMC’s scale and manufacturing capabilities are unmatched.
Innovation-driven chipmakers are forced to use TSMC because no other fabricator can meet their requirements. TSMC has driven over 15% CAGR on its top and bottom lines since it went public in 1994. TSM shares have driven consistent growth for decades and will for decades to come.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Taiwan Semiconductor Manufacturing Co. (TSM - Free Report) is Silicon Valley’s go-to chip manufacturer. TSMC strategic Arizona plant will manufacture cutting-edge 5 nanometer transistors. The advanced semiconductor plant will cost $12 billion and its target completion is 2024.
This news followed the Trump Administration voicing its concern about chip-makers reliance on Asia. According to sources familiar with the matter, both the State and Commerce Department are involved with the plans.
Innovative chipmakers like Qualcomm (QCOM - Free Report) , Nvidia (NVDA - Free Report) , and AMD (AMD - Free Report) rely on TSMC for their manufacturing needs. TSMC’s move to the US marks a big win for US semiconductor companies. TSMC’s scale and manufacturing capabilities are unmatched.
Innovation-driven chipmakers are forced to use TSMC because no other fabricator can meet their requirements. TSMC has driven over 15% CAGR on its top and bottom lines since it went public in 1994. TSM shares have driven consistent growth for decades and will for decades to come.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on QCOM - FREE
Get the latest research report on AMD - FREE
Get the latest research report on NVDA - FREE
Get the latest research report on TSM - FREE