All it takes is a simple look around to see how much of the world is becoming more digital by the day. From smartphones to electric vehicles to smart home devices and countless other products, there has been a technology-fueled transformation over the past decade or two.

An underrated but vital part of this digital revolution has been semiconductor chips. Semiconductors are crucial components that enable modern electronics. Unfortunately, COVID-19 and the lingering supply chain effects that came with it have caused a shortage of semiconductors in the past few years.

Despite this, one company offers investors a compelling long-term opportunity. Taiwan Semiconductor Manufacturing (NYSE: TSM), or TSMC, is the world's leading semiconductor foundry, specializing in making personalized advanced chips for some of the top companies in the world.

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Source Fool.com