![image](https://www.morningstar.co.uk/static/UploadManager/Assets/TSMC_Taiwan_Logo.jpg)
Near-term pressure is expected for TSMC, despite its leading position globally.
![image](https://www.morningstar.co.uk/static/UploadManager/Image/defaultArtcile.gif)
But there is more to it than geopolitics.
![image](https://www.morningstar.co.uk/static/UploadManager/Image/defaultArtcile.gif)
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