Taiwan Semiconductor Hails a "New Golden Age" for Chips. Is It Time to Buy the Stock?

This company could be one of the biggest beneficiaries of the heightened interest in AI.Executives at Taiwan Semiconductor Manufacturing (TSM -3.18%), or TSMC for short, recently said at an event that we are in a "new golden age" for chips. These executives also forecast 10% annual growth for the global semiconductor industry, excluding memory chips. For its part, TSMC has been forecasting revenue growth of over 20% in 2024. Let's take a closer look at TSMC and why it could be one of the biggest beneficiari ...