Demand for advanced chip manufacturing has been rising sharply, and trade tensions between the U.S. and China have affected global supply chains. As the world's largest third-party chip foundry, Taiwan Semiconductor Manufacturing (NYSE: TSM), also called TSMC, is well positioned to benefit from these trends. While most of its production capacity is concentrated in Taiwan, just 100 miles from mainland China, it is investing in expanding its global manufacturing footprint in a bid to make its supply chains mo ...