This 1 Number May Ensure TSMC's Market Dominance
Taiwan Semiconductor Manufacturing Corporation (NYSE: TSM) might not be a household name, but it could be the world's most important company.
TSMC, as the company is also known, makes more semiconductors than anyone else in the world. It's the manufacturer that chip designers and tech giants like Apple, Nvidia, AMD, Broadcom, Qualcomm, and others all rely on.
In other words, TSMC is a crucial linchpin in the global economy as the electronics the world depends on wouldn't get made without the company. The chart below helps illustrate just how big a role it plays in the chip industry.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
€158.20
-0.130%
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
With a target price of 173 € there is a slightly positive potential of 9.36% for Taiwan Semiconductor Manufacturing Co. Ltd. ADR compared to the current price of 158.2 €.
