The proliferation of AI in the smartphone, PC, and data center markets, among others, is providing a massive tailwind for foundry giant Taiwan Semiconductor Manufacturing. A huge addressable market and the company’s improving share in the Foundry 2.0 space are likely to lead to stronger revenue growth over the next five years. Taiwan Semiconductor Manufacturing (NYSE: TSM) is one of the most important players in the global semiconductor industry, as it fabricates chips for many of the top fabless chipmakers and consumer electronics giants.