TSMC's $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy
Taiwan Semiconductor's latest move shows that more chip production capacity needs to come online to meet demand.
Overview
Taiwan Semiconductor Manufacturing (NYSE: TSM) made a major announcement as part of its second-quarter earnings report: It's increasing its investment in its Arizona production facilities by another $100 billion. That brings the total investment to $265 billion -- a major win for domestic chip production. But what does that mean for TSMC (as it is also known)?
The expansion showcases that there is still growing and unmet demand for chip production, making the stock a no-brainer buying opportunity.
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Originally published at www.fool.com.
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