Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 1.18% to $439.78 in Monday’s premarket trading, as Nasdaq futures gained 0.93% and S&P 500 futures advanced 0.67%. The stock is benefiting from broader strength in technology and semiconductor shares, with investors favoring large-cap technology and artificial-intelligence-linked companies ahead of a higher expected U.S. open. Taiwan also broke ground Monday on an advanced packaging industrial park in Kaohsiung, where Taiwan Semiconductor plans to build two facilities focused on technology validation and talent training. Operations are expected to begin in the fourth quarter of 2029. Technical indicators remain supportive: the stock is about 4% above its 20-day simple moving average of $422.49, 5% above its 50-day average of $417.37 and 16% above its 200-day average of $379.33. Its moving averages remain in bullish order, while the MACD (a momentum indicator) is above its signal line and its histogram is positive. Resistance is near $444.50, while support is around $405.50. Analysts maintain a Buy consensus, with an average price target of $547.38 and forecasts ranging from $440 to $650 across 12 analysts. Taiwan Semiconductor trades at about 32.4 times earnings and holds strong Benzinga Edge scores for momentum, quality and growth, though its value score is substantially lower. The company is also a major holding in several ETFs, including the VanEck Semiconductor ETF, which has a 9.75% weighting. ETF flows could add to buying or selling pressure in the shares.