TSMC's Risky Bet Could Be Great News for Intel Investors
Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract chipmaker, produces the world's smallest, densest, and most power-efficient chips. That makes it a bellwether of the semiconductor industry and a crucial partner for fabless chipmakers like Apple, Advanced Micro Devices, and Nvidia.
However, TSMC wouldn't have sprinted ahead of Intel (NASDAQ: INTC) and Samsung in the "process race" to manufacture more advanced chips without the Dutch semiconductor equipment maker ASML (NASDAQ: ASML), the world's leading producer of lithography systems for etching circuit patterns onto silicon wafers. TSMC's earlier adoption of ASML's extreme ultraviolet (EUV) lithography systems enabled it to produce the world's tiniest chips.
Image source: Getty Images.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 160 € there is a slightly positive potential of 7.53% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 148.8 €.
