TSMC: Tread Carefully Along The Semiconductor Tide

shih-wei/E+ via Getty Images Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is a foundry that manufactures integrated circuits and semiconductor chips for fabless technology companies including major hardware (OEMs). It offers chip fabrication, packaging and testing services through its advanced foundry capacity. TSM manufactures and tests chips based on clients’ custom specifications, leveraging its leading-edge fabrication technologies and facilities. It also uses its large-scale manufacturing of fabrication processes to optimise transistor technology that produces the chips. I believe that TSM will make healthy, steady gains in the next few years due to several factors: dominance, valuation, nature of market & general economic…