Taiwan Semiconductor: The Undisputed Leader

Taiwan Semiconductor: The Undisputed Leader

Taiwan Semiconductor Manufacturing Company Limited ($Taiwan Semiconductor Manufacturing Co. Ltd.(TSMWF)$ )

• TSMC leads all competitors in wafer processes and advanced packaging technologies, and the additional mega CAPEX projects will prove fruitful over the next 3 to 5 years.
• Revenue contribution from the 5nm is expected to increase in the foreseeable future, but HPC remains the main growth driver in the long run.
• The current inventory adjustment in the semiconductor space may take a few quarters, and it may last until 1H23 before inventory returns to a healthy level.
• TSMC has demonstrated mastery in cutting-edge technology, and the stage is set for a smooth transition to 3-nm node manufacturing, as scheduled in 2H22. Over the next three years, the company will control over half of the world's advanced-node chip manufacturing capacity.

Resource: Seeking Alpha