Taiwan Semiconductor Manufacturing (NYSE: TSM), better know as TSMC, is the world's largest contract chipmaker. It posted its third-quarter earnings report on Oct. 13. Its revenue rose 36% year over year to $20.23 billion, beating analysts' estimates by $1.14 billion, as its earnings grew 66% to $1.79 per ADR and topped the consensus forecast by $0.11.
TSMC's stock price rose slightly after that earnings beat, but it still remains down about 45% this year. So is this the right time for patient investors to accumulate some shares of this linchpin of the semiconductor industry?
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