2024-02-07 12:28:08 ET
Summary
- TSM will be able to make healthy, steady gains in the next few years due to several factors: dominance, valuation, nature of market & general economic momentum.
- TSM has healthy valuations, with analyst consensus giving it a strong buy.
- However, the risk factors present such as competition with massive IBMs, the dependence on semiconductors to drive AI and political tensions must be accounted for.
Taiwan Semiconductor Manufacturing Company (TSM) is a foundry that manufactures integrated circuits and semiconductor chips for fabless technology companies including major hardware (OEMs). It offers chip fabrication, packaging and testing services through its advanced foundry capacity. TSM manufactures and tests chips based on clients' custom specifications, leveraging its leading-edge fabrication technologies and facilities. It also uses its large-scale manufacturing of fabrication processes to optimise transistor technology that produces the chips....
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For further details see:
TSMC: Tread Carefully Along The Semiconductor Tide