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Taiwan Semiconductor Manufacturing Co Ltd ADR TSM Stock Quote

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Morningstar‘s Stock Analysis TSM

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Taiwan Semiconductor Shares Very Attractive After June Pullback and Upbeat Q3 Guidance; FVE Retained

Phelix Lee Equity Analyst

Business Strategy and Outlook

| Phelix Lee |

Taiwan Semiconductor Manufacturing, or TSMC, is the world’s largest dedicated contract chip manufacturer, or foundry. It makes integrated circuits, or ICs, for customers based on their proprietary IC designs. The firm has long benefited from semiconductor firms around the globe transitioning from integrated device manufacturers to fabless designers. TSMC, like all foundries, assumes the costs and capital expenditures of running factories amid a highly cyclical market for its customers. Such cyclicality stems from the fact that foundries tend to add excessive capacity during times of burgeoning demand that can result in underutilization during downturns that hampers profitability.

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Key Statistics TSM

Company Profile TSM

Business Description

Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.

No. 8, Li-Hsin Road 6, Hsinchu Science Park
Hsinchu, 300-096, Taiwan
T +886 35636688
Industry Semiconductors
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 65,152

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