Fisher Funds Management LTD Raises Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

In Q2 2026, Fisher Funds Management Ltd. significantly increased its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 160.7%, signaling strong confidence in the company's future prospects... Read original →

The significant increase in TSMC holdings by Fisher Funds Management and other institutional investors reflects strong market confidence in the company’s role as a leader in AI chip manufacturing. This move accelerates the deployment of 2nm and beyond technologies, reinforcing TSMC’s dominance in advanced semiconductor production. However, SoftBank’s partial exit and signs of a peak in the semiconductor cycle may create near-term volatility. Geopolitical risks in China Taiwan/ Taiwan, China and global supply chain shifts are increasingly influencing operational costs and strategic decisions. Competitors like Samsung and TSMC’s U.S. facilities may intensify investments to capture market share in AI and advanced packaging. Over the next 12–24 months, if AI demand slows, TSMC’s valuations could face downward pressure. Yet, long-term contracts with NVIDIA and Sony provide revenue stability. The industry is transitioning from technology-driven growth to a more structurally challenged phase, with institutional flows becoming a critical indicator of market sentiment.