You need to know
Taiwan Semiconductor Manufacturing (NYSE:
TSM) (henceforth known as TSMC). The latest quarter's results
simply underscore why I believe it's
one of the finest investments available anywhere.
Third-quarter sales fell a modest 3.3% year over year to
$2.76 billion, a 21% uptick from the previous quarter. Its
$0.18 of earnings per American Depositary Share (ADS) were
flat when compared to 2008, but 25% above the second quarter
of 2009. The revenue results fell at the very top end of
management guidance, and TSMC's recovery seems to be sharply
V-shaped.
Indeed, this titan of chip manufacturing is outperforming
many of its own customers:
Company
Year-Over-Year Revenue Change
NVIDIA (Nasdaq: NVDA)
(35.2%)
Advanced Micro Devices (NYSE:
AMD)
(24.2%)
Broadcom (Nasdaq: BRCM)
(6.2%)
TSMC Continued... |