Got $1,000? Taiwan Semiconductor Manufacturing's $100 Billion Arizona Investment Makes It a Must-Own Stock
Taiwan Semiconductor is checking a lot of boxes with its Arizona investment.
Overview
Taiwan Semiconductor Manufacturing (NYSE: TSM) has been making huge investments to diversify its production base away from its home island of Taiwan. During its Q2 announcements, Taiwan declared it would invest another $100 billion in its Arizona production facilities, bringing its total to $265 billion. That's a huge move by TSMC, and I think it solidifies the stock as a buy.
If you've got $1,000 sitting around, I can think of few better stocks to pick right now than Taiwan Semiconductor.
Image source: Taiwan Semiconductor Manufacturing Company.
Details
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Originally published at www.fool.com.
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