Vaughan Nelson Investment Management L.P. Has $230.95 Million Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

In Q2 2026, Vaughan Nelson Investment Management L.P. reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 5.2%, selling 26,795 shares while retaining 483,590 shares valued at app... Read original →

Vaughan Nelson's reduction in TSMC stake signals institutional concern over potential overvaluation in the AI chip cycle, yet TSMC remains the fund’s fourth-largest holding, indicating sustained confidence. This move may trigger broader market reassessment of semiconductor demand, especially amid strong 2nm chip demand. SoftBank’s massive sell-off adds near-term sentiment pressure, but TSMC’s strategic role in advanced manufacturing remains unchallenged amid U.S.-China tech decoupling. NVIDIA’s accelerated Feynman platform development will further intensify demand for TSMC’s 2nm capacity, supporting its collaboration with Sony on a CMOS sensor plant. While some investors reduce exposure, TSMC’s robust profitability and dividend policy continue to attract long-term interest. Over the next 12–24 months, if AI demand moderates, TSMC may face valuation correction, but its technological moat and global supply chain dominance remain intact.