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why Taiwan Semiconductor Manufacturing Company Limited [TSM] is a Good Choice for Investors After New Price Target of $140.62

News Snapshot:

Taiwan Semiconductor Manufacturing Company Limited [NYSE: TSM] slipped around -1.14 points on Monday, while shares priced at $115.65 at the close of the session, down -0.98%. The company report on June 2, 2021 that NXP Ramps Automotive Processing Innovation with Two Processors on TSMC 16nm FinFET Technology. COMPUTEX – NXP Semiconductors N.V. (NASDAQ: NXPI), a world leader in automotive processing, and TSMC (TWSE: 2330, NYSE: TSM) announced the release of NXP’s S32G2 vehicle network processors and the S32R294 radar processor into volume production on TSMC’s advanced 16 nanometer (nm) FinFET process technology. This marks the migration of NXP’s S32 family…

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