• Morris Chang, founder of Taiwan Semiconductor Manufacturing (NYSE:TSM), made his first public appearance in over a year alongside Nvidia CEO Jensen Huang.
• The two reportedly shared a private dinner, with observers indicating Chang is in good health, mentally sharp and in good spirits.
• The event has drawn attention because Chang had not appeared publicly throughout 2025, prompting questions about his health and the broader leadership picture at TSMC.
• The meeting also highlights TSMC's continued close relationship with a major customer in high performance and AI chips.

For you as an investor, this is notable because TSMC sits at the center of global chip manufacturing, supplying advanced semiconductors to leading designers across computing and AI. Any uncertainty around its leadership story tends to attract extra scrutiny, especially as chipmakers play a key role in everything from data centers to consumer electronics.

Chang's visibly good health and engagement with Nvidia's CEO may reassure investors who had been watching for signs of instability at the company or in its partner network. It also underscores that high level conversations between TSMC and major customers continue, which can be important when you think about capacity planning, technology roadmaps and long term demand for advanced manufacturing services.

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Quick Assessment

• ⚖️ Price vs Analyst Target: At US$335.75, TSM trades about 18% below the US$409.49 analyst target, so sentiment from the street still skews higher than the current price.
• ❌ Simply Wall St Valuation: Shares are described as trading 47.2% above estimated fair value, which flags a rich valuation on this model.
• ✅ Recent Momentum: A 30 day return of roughly 5.1% points to positive short term momentum in the share price.

Check out Simply Wall St's in depth valuation analysis for Taiwan Semiconductor Manufacturing.

Key Considerations

• 📊 Chang's healthy appearance alongside Nvidia's CEO can steady confidence in TSMC's leadership history and its ties with a key AI customer.
• 📊 Keep an eye on how the current P/E of 27.2x versus the 42.2x industry average lines up with any future commentary on capacity, AI chips and capex plans.
• ⚠️ Simply Wall St flags a major risk around a high level of non cash earnings, so it is worth tracking the quality of profits as you interpret this leadership related news.

Dig Deeper

For the full picture including more risks and rewards, check out the complete Taiwan Semiconductor Manufacturing analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.