Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is by far the world’s most important semiconductor company. Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), or most other semiconductor companies would fail to function if it weren’t for TSMC manufacturing their chips reliably and on time.
However, the stock has declined significantly due to broader market fears about the semiconductor and AI industry. TSM plunged 13.74% in just the past month. This is despite some positive news about the company’s ties to the U.S.
This post originally appeared at Money Morning.