TSM Highlights in Fundsmith's Q2 2026 Investor Letter

Fundsmith Equity Fund identified Taiwan Semiconductor Manufacturing Company Limited (TSM) as a new technology position in its Q2 2026 investor letter. TSM had a market capitalization of $2.09 trillion and closed at $404.25 per share on July 31, 2026. Over the past year, TSM shares increased by 69.14%, although they experienced a one-month decline of 10.52%. The company is noted for producing 90% of the world's advanced semiconductors, crucial for AI application growth, making it significant for investment portfolios as demand for its products continues to soar.