Added to YB: 2025-07-07
Pitch date: 2025-07-04
TSM [neutral]
Taiwan Semiconductor Manufacturing Company Limited
+38.05%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
TWD 38.1T
Pitch Price
TWD 1.1K
Price Target
N/A
Dividend
1.16%
EV/EBITDA
14.61
P/E
24.25
EV/Sales
10.03
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
TSMC: Precision Built, Now Politically Pulled
TSM (overview): Original moat (concentrated, efficient Taiwan manufacturing) eroding from geopolitical fragmentation. $165B US expansion with 2nm fabs marks strategic shift, diluting margins by 3-4%. Taiwan advantage (physics, talent, trust) challenged by 4-5x higher capex, slower learning curves & only temporary 'security premiums'. Neutrality & efficiency sacrificed for political compliance.
Read full article (12 min)