TSM
Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company LimitedTSM

Technology · Semiconductors
412.61USD
-2.28%
Oct 17, 2026
TSM overview ready
Leading pure-play foundry and advanced packaging provider for AI accelerators
TSMC is the leading pure-play foundry and an advanced-packaging capacity provider for AI accelerators and custom AI silicon.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through Advanced AI Accelerator Fabrication and Packaging — bottleneck supplier.
No clear price read
Longer-term context reads extended trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals under pressure
Ev / sales is weak.
Primary risk
Cyclical demand fluctuations in semiconductor industry.
Market Oct 16Price action Aug 9

Conviction Level

Theme Heat, Business Quality have no canonical measurement for this company — research-profile dimensions, not inputs to this score.

NarrativeHeat—ThemeHeat—PriceAction7.1Valuation6.4CompanyPosition7.3BusinessQuality—
Price
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Price Action

No clear price read
Longer-term context reads extended trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$2.4T
Avg Volume (60D)
10.3M
60 sessions
Revenue Growth YoY
+34.6%
Trailing twelve months
Gross Margin
+63.1%
Trailing twelve months
Operating Margin
+55.8%
Trailing twelve months
P/E
32.7x
EV / Sales
15.9x
Market metrics as of Oct 16, 2026

Fundamentals & Valuation

Taiwan Semiconductor Manufacturing Company Limited has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
TSMC is the leading pure-play foundry and an advanced-packaging capacity provider for AI accelerators and custom AI silicon. Its leading-edge process nodes and heterogeneous packaging are critical production inputs rather than merely downstream exposure.
Opportunity
Moderate opportunity
Hyperscaler, model developer and AI-platform spending on accelerators and custom AI silicon is driving demand for leading-edge logic foundry capacity and heterogeneous advanced packaging required to manufacture high-performance AI compute systems.
Key risk
Cyclical demand fluctuations in semiconductor industry.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of Advanced AI Accelerator Fabrication and Packaging, with strong fit.
TSM has direct, economically material exposure to AI-compute deployment through customer demand for leading-edge logic manufacturing and advanced packaging for AI accelerators, data-center CPUs and custom silicon.
Narrative HeatUnavailable
Theme HeatUnavailable

Business & Markets

Technology · Semiconductors
What they do

Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and semiconductor devices globally, providing various wafer fabrication processes and engineering support services.

How it earns

Transactional revenue generated primarily through the sale of semiconductor manufacturing and related services.

Products & services
Wafer fabrication processes
Integrated circuits manufacturing
Packaging and testing of semiconductors
Customers & end markets
Semiconductor designers and fabless companies
Electronics manufacturers
Global technology companies
Market position

Market leader in semiconductor foundry services with advanced process technologies.

Demand drivers
High cyclicality

Semiconductor demand is closely tied to technology cycles and end-market consumer electronics demand.