TSMC's Risky Bet Could Be Great News for Intel Investors

Taiwan Semiconductor Manufacturing (TSM 0.02%), the world's largest contract chipmaker, produces the world's smallest, densest, and most power-efficient chips. That makes it a bellwether of the semiconductor industry and a crucial partner for fabless chipmakers like Apple, Advanced Micro Devices, and Nvidia.However, TSMC wouldn't have sprinted ahead of Intel (INTC -1.09%) and Samsung in the "process race" to manufacture more advanced chips without the Dutch semiconductor equipment maker ASML (ASML -0.74%), ...