Added to YB: 2026-01-19
Pitch date: 2026-01-15
TSM [neutral]
Taiwan Semiconductor Manufacturing Company Limited
+1.44%
current return
Author Info
No bio for this author
Company Info
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally.
Market Cap
TWD 45.1T
Pitch Price
TWD 1.7K
Price Target
N/A
Dividend
0.98%
EV/EBITDA
16.39
P/E
26.26
EV/Sales
11.31
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TSMC 4Q25 Earnings: The Constraint Is the Product
TSM (earnings): 62.3% gross margin (all-time high) w/ shipments down 3% but revenue up 5.7% proves pricing power, not mix. AI demand creates base-load infrastructure eliminating seasonality. CEO verified multi-year hyperscaler commitments personally. Arizona yields match Taiwan faster than expected. Trades 22x P/E as cyclical semi vs infrastructure monopoly.
Read full article (5 min)