Taiwan Semiconductor (TSM) is a top contract chipmaker with a leadership position in the blockchain niche. Its chips have been used in a variety of blockchain applications, including cryptocurrency mining. With the crypto market expected to shine over the long term, it’s probably the right time to load up on the sector. However, it is important to understand the risks involved in investing in the space, as anything crypto-related is heavily linked to the actions of the Federal Reserve. MarketsandMarkets research firm predicts that the blockchain industry could grow by 66.2% to reach $94 billion by 2027.
