Taiwan Semiconductor Manufacturing Company Ltd. $TSM is Gunderson Capital Management LLC's Largest Position - MarketBeat

On June 28, 2026, MarketBeat reported that Gunderson Capital Management LLC increased its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 4.4%, making it the largest holding in the fund'... Read original →

Institutional accumulation of TSMC by firms like Gunderson reflects strategic conviction in its sub-3nm EUV dominance, not just AI chip hype. Technically, TSMC’s yield leadership is forcing NVIDIA and AMD to pre-commit 2027 capacity, stifling Samsung’s HBM4 and CoWoS ambitions. Geopolitically, U.S. CHIPS Act delays and tightening export controls inflate compliance costs for non-U.S. foundries, though TSMC mitigates exposure via localized Arizona production. Intel may accelerate outsourcing advanced nodes to TSMC to retain clients, while SMIC remains locked out of AI training chips due to EUV embargoes. Over the next 18 months, TSMC will cement its role as the 'central bank of semiconductors'—controlling allocation power and resetting global valuation benchmarks through rising dividends and insider buying.