Will Taiwan Semiconductor Be a Trillion-Dollar Stock by 2030?
Many components are necessary for complicated devices like cellphones and graphics processing units, and none are more vital than the microscopic chips that provide the computing power. Among the chip manufacturers, none is more important than Taiwan Semiconductor (NYSE: TSM), the world's largest contract chip manufacturer.
It's already a monster with a $536 billion market cap. But could it grow enough to reach $1 trillion by 2030? Let's take a look.
As the name implies, Taiwan Semiconductor (also commonly referred to as TSMC) is based in Taiwan. However, it's made several investments in the U.S., most notably its chip plant in Arizona. While this facility has had multiple problems starting up, it will eventually provide an additional source for these vital chips.
Source Fool.com
