TSMC: A Top Global Foundry Play Trading At 17X Earnings

Annabelle Chih Taiwan Semiconductor Manufacturing Company (NYSE:TSM) is a well-run global foundry with a dominating semiconductor manufacturing market share. The company has achieved double-digit top line growth in the last five years and has a strong financial framework in place. Given the strong market leadership in semiconductor design and manufacturing, potential for a rebound in the semiconductor market in FY 2024 and a cheap valuation based off of P/E, I believe the risk profile for TSM is skewed  ...