TSMC Bulls Ignore Buffett’s Warning and Stick to AI Bet
- The chipmaker diversified operation bases to alleviate risks
- TSMC makes 90% advanced semiconductors used for AI processors
The core concern about TSMC centers around its high concentration of chipmaking in Taiwan.
Photographer: Mike Kai Chen/BloombergThis article is for subscribers only.
The frenzy over artificial intelligence is trumping geopolitical concerns over Taiwan Semiconductor Manufacturing Co., with its record stock rally powering ahead.
Foreign investors have boosted ownership of the stock to a two-year high, backing claims by TSMC that AI will be its biggest growth driver this year. The company has more than a 90% share in manufacturing advanced semiconductors used for AI, according to Pictet Asset Management.