XN LP trims Taiwan Semiconductor stake by 72,388 shares - The Globe and Mail

XN LP, managed by Gaurav Kapadia, recently reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 72,388 shares. Despite this move, TSMC's stock has continued to rise, trading betwe... Read original →

XN LP's reduction in TSMC stake signals capital caution amid elevated valuations, yet TSMC's dominance in AI chip manufacturing remains unshaken. Despite near-term technical headwinds, the company's strong margins and strategic capacity expansion, including a $100 billion U.S. investment, reinforce long-term growth prospects. The upcoming 5%-10% price hike in 2027 reflects robust demand, particularly in HPC and AI sectors. While margin pressures loom, TSMC’s technological leadership and global supply chain positioning remain key differentiators. Should geopolitical tensions intensify in China Hong Kong, China, or China Taiwan, this could accelerate regional semiconductor localization efforts. TSMC’s ability to navigate cost inflation and maintain competitive edge will define its trajectory over the next 12–24 months.