2 Straightforward Reasons Taiwan Semiconductor Manufacturing Company Could Explode Higher in 2024

Taiwan Semiconductor Manufacturing Company (TSM -0.64%) -- known to many as TSMC -- is the largest semiconductor foundry in the world. TSMC's foundry model, which other semiconductor manufacturers have since adapted, means the company doesn't produce chips for general sale. Instead, companies contract TSMC to make chips to fit their specific needs.TSMC produces chips specifically designed for smartphones, cars, graphics processing units (GPUs), and dozens of other technologies that we use daily. This busine ...