Canoe Financial LP Has $344.12 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

During the second quarter of 2026, investment firm Canoe Financial LP reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 16.7%, selling 144,200 shares, leaving it with 720,570 s... Read original →

Canoe Financial LP's reduction in TSMC stake signals institutional caution amid AI chip cycle volatility, yet its continued third-largest holding underscores long-term confidence. This move may prompt a reassessment of TSMC’s valuation, especially with 2nm capacity nearing saturation and NVIDIA’s upcoming Feynman platform driving demand. Upstream EUV equipment and materials suppliers are poised to benefit. Ongoing geopolitical tensions around China Taiwan/ Taiwan, China pose ongoing compliance and supply chain risks for TSMC. Competitors like Samsung are accelerating 2nm development, potentially triggering pricing or strategic shifts. Over the next 12–24 months, the joint CMOS sensor venture with Sony will be pivotal, as institutional capital increasingly gravitates toward leading-edge manufacturers with robust process capabilities.