Key Takeaways While Applied Materials offers a comprehensive range of equipment and services spanning deposition, etching, and inspection across a wide range of semiconductor nodes, TSM is the global powerhouse of contract chip manufacturing. Both AMAT and TSM are essential to the production of high-performance computing and artificial intelligence (AI) chips. However, from an investment point of view, one stock offers a more favorable outlook than the other right now. Let's break down their fundamentals, g ...