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Taiwan Semiconductor Manufacturing (TSM): One of the Best Fundamentally Strong Stocks to Buy Now
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 14, Reuters reported that the company expects the global semiconductor market to surpass $1.5 trillion by 2030, topping the earlier forecast of $1 trillion. Reuters, while quoting Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), highlighted that AI and high-performance computing are anticipated to make up 55% of the $1.5 trillion market. This will be followed by smartphones that will account for 20%, and automotive applications, which will make up 10%.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) further highlighted that it has been expanding capacity at an accelerated pace in 2025 and 2026. It also plans to build 9 phases of wafer fabs and advanced packaging facilities in 2026, reported Reuters. The company also stated that the CAGR of capacity for its advanced packaging CoWoS (Chip on Wafer on Substrate) is expected to be over 80% between 2022 and 2027.
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