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Business
Anushka Dutta

TSM 2024 Insights: A Momentum Stock to Buy?

TSM Semiconductor Taiwan Semiconductor Taiwan Semiconductor Manufacturing Company Limited Tesla Inc.

Taiwan Semiconductor Manufacturing Company Limited (TSM) is navigating a fiercely competitive chip industry. However, the company’s prospects remain uplifted amid the competition between the United States and China for tech supremacy.

TSM unveiled its N2 Prototype this year, which is expected to provide up to 10% higher performance and 30% lower power consumption than the company’s existing 5 nm process. This advanced semiconductor technology is set to enter volume production in 2025 and could be a game-changer for the company.

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