I am bullish on Taiwan Semiconductor Manufacturing Company or TSMC (TSM). It is the world’s largest manufacturer of semiconductor products. There is a prevailing shortage of chips because the factories of TSMC cannot keep up with the growing $47.2 billion per month semiconductor business. This company’s stock is trading at 21.7% discount to its 52-week high of $142.19. (See Analysts’ Top Stocks on TipRanks) Top Foundry Service Provider Most fabless semiconductor firms like Advanced Micro Devices (AMD), Nvidia, (NVDA), Marvell (MRVL), and Broadcom (AVGO) are dependent on TSMC’s factories. Even Intel (INTC) has hired TSMC to manufacture its upcoming discrete ARC Alchemist GPUs. Total foundry services revenue in 2020 was $85.
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