$10.82
0.23 (+2.17%)
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR (TSM)
CAPS Rating:
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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With the semiconductor industry moving to 300mm and possibly 450mm wafer sizes and with the moves to smaller feature sizes, only a few companies can afford to "go it alone"--Intel and Samsung primarily. Other smaller companies will increasingly look to contract manufacturers to make their chips. The entire foundry sector should see benefits from this trend provided they are able to achieve enough orders to fill their fabs. TSMC is the cream of the crop as far as foundries go and is relatively cheap at a PE of 15 for ttm.