#1 - Taiwan Semiconductor Manufacturing (NYSE:TSM)
The first stock we’re looking at also happens to be the largest semiconductor manufacturer in the world. This means that many of the biggest names in this presentation contract with Taiwan Semiconductor Manufacturing (NYSE:TSM) to deliver the parts needed for its innovative products. To put the size of this company into perspective, at the time of this writing Taiwan Semiconductor Manufacturing (or TSMC) has a market capitalization that is bigger than Walmart.
TSMC has a 54% market share. But don’t let that fool you. TSM stock is up 34% for the year. The company’s revenue streams provide a good example of how semiconductors cut across many different verticals. For example, in the second quarter 47% of the company’s revenue came from smartphones. But 33% came from high-performance computing. While the company may not get that kind of growth from those two units, it’s also a significant player in 5G and data centers.
To put it mildly, the Taiwanese company is vital to the United States, a country that only manufacturers 12% of its own chips. TSMC is planning to build a $12 billion factory in Arizona, but the production capacity would be a fraction of what the company has in Taiwan.
About Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.
Read More - Current Price
- $136.58
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $157.00 (15.0% Upside)
