Salem Investment Counselors Inc. Sells 3,037 Shares of Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

On August 15, 2026, Salem Investment Counselors Inc. reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 3.6%, selling 3,037 shares. Despite this reduction, TSMC remains a key ho... Read original →

Salem’s partial exit from TSMC signals institutional caution amid elevated valuations, yet the continued $38.35M stake underscores long-term confidence in AI chip demand. TSMC’s 2nm leadership is being validated by NVIDIA’s Feynman platform, creating a self-reinforcing tech cycle. The joint CMOS plant with Sony bolsters TSMC’s global footprint and customer loyalty. Despite geopolitical headwinds, TSMC’s strategic positioning in advanced manufacturing ensures its dominance. Over the next 12–24 months, AI-driven demand will drive TSMC’s capital expenditure and margins higher, while supply chain resilience and regulatory compliance will remain critical risk factors.