/Computer%20board%20micro%20chip%20green%20by%20blickpixel%20via%20Pixabay.jpg){kind=tracking}
Taiwan Semiconductor Manufacturing (TSM) is the largest integrated circuit foundry in the world. It takes proprietary circuit designs from other companies and then produces them using advanced processes. Given this dominance in the foundry market, Taiwan Semi is often considered one of the most globally important semiconductor companies.
TSM stock has had an underwhelming year so far, down roughly 17% in the year to date and nearly 30% off its 52-week high. Taiwan Semi shares appear to be recovering, up about 8% over the last five sessions.
