Taiwan Semiconductor Manufacturing Company Limited (TSM): A Bull Case Theory

We came across a bullish thesis on Taiwan Semiconductor Manufacturing Company Limited (TSM) on Substack by Daan Rijnberk. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited (TSM)'s share was trading at $177.10 as of March 7^th. TSM’s trailing and forward P/E were 25.74 and 19.92 respectively according to Yahoo Finance.

[caption id="attachment_1210256" align="aligncenter" width="768"] A close-up of a state-of-the-art semiconductor wafer foundry.[/caption]

Taiwan Semiconductor Manufacturing Company (TSMC) is facing a...