Zacks Investment Research cut shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) from a buy rating to a hold rating in a report released on Friday morning, Zacks.com reports. According to Zacks, “Taiwan Semiconductor Manufacturer Co is the world’s largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC’s goal is to establish itself as one of the world’s leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world. “ Several other brokerages have also issued…