Taiwan Semiconductor Manufacturing faces further controls on its business with China but looks to be making progress on U.S. chip production.

Two of the most important companies behind China’s semiconductor self-sufficiency and AI supremacy hopes were dealt a blow on Saturday, with their addition to Taiwan’s strategic high-tech commodities entity list.

We recently published a list of Jim Cramer Wants US To Be “As Good As” Europe & Discusses These 12 Stocks. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other stocks that Jim Cramer discusses.

Taiwan has placed export controls on Chinese companies Huawei, and SMIC, making it difficult for them to access resources required for building AI chips

Taiwan’s central bank is set to maintain its benchmark interest rate at 2%, opting to hold fire on rate cuts this week and through the first quarter of next year. This comes amid a boom in tech-driven exports and stable economic indicators.

TSMC shares surged over 3% as May revenue jumped 40% driven by strong AI chip demand. The company maintained its mid 20% growth guidance.

On inflation, Taiwan's consumer price index (CPI) rose by a lower-than-forecast 1.55% in May, its lowest level in more than four years. The central bank, which considers 2% its "warning" line, has made easing inflation a priority.

Northwest Phoenix is seeing a surge of multicultural development clustering around the Taiwan Semiconductor Manufacturing Co. complex.

Taiwan Semiconductor Manufacturing Co. (TSMC) has further solidified its dominance in the global pure-play wafer foundry market, growing its market share to 67.6 per cent in the first quarter of this year,