Taiwan Semiconductor Manufacturing (TSM) manufactures and sells integrated circuits and wafer semiconductor devices. Its chips are used in several end markets including high-performance computing platforms (like personal computers, tablets, servers, and game consoles), automotive, Internet of Things (includes connected devices like smart wearables and surveillance systems), and digital consumer electronics like TVs and cameras. The company was founded in 1987 and is headquartered in Hsinchu, Taiwan. I am neutral on TSM stock. The company has very strong fundamentals, but valuation is mixed now. Its dividend yield is also not great but it can contribute to total return. Top Analysts are highly likely to include it in their stock picks.
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