In its Q1 2022 investor letter, Baron New Asia Fund mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) and explained its insights into the company. Founded in 1987, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Hsinchu, Taiwan-based multinational semiconductor contract manufacturing and design company with a $459.8 billion market capitalization. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) delivered a -26.29% return since the beginning of the year, while its 12-month returns are down by -25.01%. The stock closed at $88.68 per share on June 10, 2022.