The Taiwanese Dollar May Have Strengthened, But TSMC Remains Deeply Undervalued

Core Insights - Taiwan Semiconductor Manufacturing (TSMC) is facing concerns regarding profit margins due to a recent forex shock, which is impacting its USD-denominated revenue as a major exporter [1] Group 1: Company Overview - TSMC is a significant player in the semiconductor industry, and fluctuations in the home currency can affect its financial performance [1] Group 2: Market Impact - The strengthening of the home currency raises concerns among investors about the conversion of TSMC's revenue, potentially leading to reduced profit margins [1]