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The Company manufactures semiconductors using its advanced manufacturing processes for the customers based on its own or third parties' proprietary integrated circuit designs.
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TMFMileHigh (68.90) Submitted: 5/30/06 9:54 PM : Start Price: $8.55 TSM Score: 17.28
The world's largest chip foundry -- that is, it manufactures chips but doesn't deisgn them -- easily beat recent earnings estimates and is earning more from PC sales due to its proximity to Asian producers. It sports a market-crushing yield, a very low P/E relative to competitors, and gets financial help from the gov't of Taiwan. Sign me up.
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FoolsGrad (99.71) Submitted: 9/10/06 3:07 PM
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The tax break that TSM enjoyed has been lifted. TSM has just reported to have paid 4 billion Taiwan dollars (rough exchange rate 1:30) compared to several million just a year ago. I am not sure how this will impact the bottom line or if it will have any effect at all, but it is worth noting. I agree with the rest of your analysis though.
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