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 Rihard Jarc. In this article, we will summarize the bulls’ thesis on TSM. Taiwan Semiconductor Manufacturing Company Limited (TSM)'s share was trading at $166 as of March 31^st. TSM’s trailing and forward P/E were 24.32 and 18.80 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]

TSMC is the undisputed leader in the semiconductor foundry industry,...