Professional
Added to YB: 2026-09-17
Pitch date: 2026-06-30
TSM [bullish]
Taiwan Semiconductor Manufacturing Company Limited
Author Info
The Antipodes Emerging Markets Fund is an actively managed long only equities fund focused on attractively valued companies exposed to emerging markets or listed on emerging market stock exchanges. Our selective approach, typically holding a minimum of 30 long positions, combines rigorous research and disciplined stock selection to target long-term capital growth for investors willing to accept higher volatility. Sign up for the newsletter.
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 61.7T
Pitch Price
N/A
Price Target
N/A
Dividend
1.18%
EV/EBITDA
18.66
P/E
27.84
EV/Sales
13.36
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Antipodes Emerging Markets Fund Portfolio Holding: Taiwan Semiconductor Manufacturing Company Limited
TSM (earnings): TSMC delivered exceptional earnings amid a continued sold-out environment for advanced semiconductor capacity: Q1 2026 revenue rose 40.6% year over year to $35.9 billion, gross margin reached 66.2%, and high-performance computing contributed 61% of wafer revenue. May revenue increased 30.1% year over year to NT$416.98 billion, tracking close to analyst expectations for roughly 35% Q2 growth. Manufacturing capacity is sold out through the foreseeable future, and TSMC remains the indispensable foundry of the AI era.
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