This Tech Stock Could Turn $1,000 Into $16,000

Group 1 - Taiwan Semiconductor Manufacturing Company (TSMC) is the world's largest semiconductor foundry with a market cap exceeding $1.7 trillion as of January 21 [1][5] - TSMC's stock has historically averaged 19% returns over the past 20 years, or 23% when including dividends, with a conservative estimate of 15% annual returns suggesting a $1,000 investment could grow to over $16,300 in 20 years [4][2] - The company has a gross margin of 59.02% and a dividend yield of 0.92%, indicating strong financial health [6][5] Group 2 - TSMC's chip manufacturing capabilities are significantly ahead of its closest competitors, making it a preferred supplier for various industries including smartphones, computers, TVs, data centers, and automotive [6][7] - The company has invested tens of billions in research and development to maintain its cutting-edge fabrication plants, ensuring its dominant market position is likely to continue [7][6] - TSMC's stock price increased by 2.21% on the day of reporting, with a current price of $334.61 [5][6]