TSMC's stock price continues to lag behind its competitor United Microelectronics, with high dividend ETFs being the main reason for the "cold shoulder"?

Taiwan Semiconductor has been rejected by multiple high-dividend ETFs, leading to its stock price performance lagging behind United Microelectronics. Data shows that Taiwan Semiconductor's stock price has fallen 3.7% this year, while United Microelectronics has risen 11%. The high dividend yield of United Microelectronics has attracted capital inflow, making it a heavy holding in ETFs. Analysts point out that the low valuation and high liquidity of United Microelectronics attract conservative investors, but its outperformance may be difficult to sustain. Taiwan Semiconductor has strong fundamentals, with sales expected to grow by 39% in the second quarter