TSMC (TPE:2330) in Harding Loevner Q3 2024

Semiconductor Manufacturing Leader with Strong Growth Prospects

Apr 14, 2025

Summary

World’s largest dedicated semiconductor foundry with a strong market position.
Benefiting from the increasing demand for advanced semiconductor technologies.
Challenges include geopolitical tensions and supply chain disruptions.
Recent performance driven by robust demand for semiconductor manufacturing services.
Future outlook remains strong with continued investment in capacity expansion and technology innovation.

TSMC (TPE:2330, Financial) was featured in the Harding Loevner International Developed Markets Equity Q3 2024 report as a significant holding, reflecting its strategic importance in the semiconductor manufacturing sector. The company’s leadership in advanced semiconductor technologies positions it well for future growth.

"TSMC’s strategic investments in capacity expansion and technology innovation are expected to drive long-term growth, despite current geopolitical challenges." — Harding Loevner, Q3 2024 Fund Letter

Read full letter at gurufocus harding loevner international developed markets equity q3 2024 report 2024 Q3 page.

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