$Taiwan Semiconductor Manufacturing(TSM)$ was my first trade in 2023. TSM is the largest chip manufacturer in the world with over 50% market share. Taiwan Semiconductor stock pays a dividend and sporting a strong balance sheet.
Semiconductor companies of all shapes and sizes turn to Taiwan Semiconductor and other foundries to make their chips. TSM boasts clients such as Nvidia and Apple, and it is at the cutting edge of advanced chip manufacturing.
In fact, Taiwan TSM announced that it began mass producing its next-generation 3-nanometer chips. The company is also investing in manufacturing in the U.S. TSM with its stellar fundamentals, encouraged Warren Buffett’s Berkshire Hathaway to buy a large chunk ($4 billion worth) of its stock in 2022
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