The Company’s leading-edge capacity is being absorbed by high-performance computing applications, particularly by Apple, which has become an integrated circuit powerhouse over the past decade.
The Company is one of the few fabs in the world that is capable of manufacturing leading-edge integrated circuits (IC). “ Taiwan Semiconductor detracted from performance despite a business performance that saw revenue accelerate to over +30% growth. Here is what Wedgewood Partners has to say about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q2 2022 investor letter: The stock closed at $84.42 per share on July 26, 2022. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) delivered a -29.83% return since the beginning of the year, while its 12-month returns are down by -25.65%. Founded in 1987, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Hsinchu, Taiwan-based semiconductor manufacturing company with a $437.8 billion market capitalization.
In its Q2 2022 investor letter, Wedgewood Partners mentioned Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM ) and explained its insights for the company.