Taiwan Semiconductor Manufacturing Company (TSM) is presently the largest specialized foundry in the global semiconductor industry. The company manufactures semiconductors based on proprietary integrated circuit designs required by its customers. The company produced 24% of all semiconductor (excluding memory) output value globally in 2020 compared to 21% in 2019, which illustrated TSM's strengthening its industry-leading position over time. The stock has lagged over the past year despite TSM's ongoing advancements. In my view, the company's financials are set to keep evolving as the global demand for semiconductors seems to be growing with no signs of slowing down. Hence, investors are likely to encounter appealing opportunities in TSM's dips.
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Taiwan Semiconductor Man... (NYSE:TSM)
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