TradingKey – As artificial intelligence infrastructure enters a phase of continuous expansion, chip design companies such as Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO) continue to benefit, but what truly determines whether these AI chips can be deployed at scale is the underlying wafer fabrication and advanced packaging capabilities.

Among them, TSMC (TSM) remains at the core of this industry chain. Unlike fabless chip design companies such as Nvidia and AMD, TSMC does not rely on the outcome of any single GPU or AI accelerator, but instead manufactures advanced-node chips for diverse customers. Therefore, as long as global investment in AI computing power continues to grow, TSMC is expected to secure sustained orders from the…