Professional
Added to YB: 2026-02-05
Pitch date: 2026-01-30
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
+9.43%
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 49.7T
Pitch Price
TWD 1.8K
Price Target
N/A
Dividend
0.89%
EV/EBITDA
18.11
P/E
28.91
EV/Sales
12.50
Sector
Semiconductors and Semiconductor Equipment
Category
value
Unison Asset Management New Porfolio Holding: Taiwan Semiconductor Manufacturing Company Limited
TSM (new position): Pure-play foundry w/ 67% global mkt share, 90% leading-edge nodes, sole AI chip supplier. 20%+ ROIC despite $280B capex since 2011. Scale-to-learn flywheel creates unmatched moat. Geopolitical risk mitigated by new AZ/Japan/Germany fabs (1/3 capacity outside Taiwan). At ~$240, 18x PE vs NVDA 35x/AAPL 30x despite their TSMC dependence.
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