Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Fundamental Stocks to Invest in According to Billionaires. On April 22, Reuters reported that the company is targeting to open a chip packaging plant in Arizona by 2029. Modern AI chips, like the ones made by Nvidia, are not single chips. These are several chips that are brought together, possessing advanced packaging technologies, Reuters said. This step has become a supply bottleneck for Nvidia and other companies.
Reuters, while quoting Kevin Zhang (Deputy co-chief operations officer and Senior vice president), noted that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) plans to build a CoWoS capability and 3D-IC capability before 2029. Here, the key personnel pointed to 2 of the company’s packaging technologies, which are in high demand.
In 2024, Amkor and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stated that they will work together in bringing several of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s advanced packaging technologies to Arizona. The technology discussions of both companies are ongoing, noted Reuters while quoting Zhang.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is the leading semiconductor foundry, which is engaged in the manufacturing of semiconductor chips.
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