TSMC Navigates Geopolitical Crosscurrents Amid Record Performance

The global semiconductor landscape is witnessing a dramatic power play as industry leader Taiwan Semiconductor Manufacturing Company (TSMC) confronts significant geopolitical pressures while simultaneously posting extraordinary financial results. This juxtaposition of regulatory challenges and operational excellence defines the current investment thesis for the world’s premier chipmaker.

Demonstrating remarkable operational strength, TSMC reported staggering revenue figures that surpassed market expectations. September 2024 sales reached $7.8 billion, representing a substantial 39.6% increase compared to the same period last year. Cumulative revenue for the first three quarters of 2024 climbed to over €60 billion, achieving growth of 31.9% year-over-year.

This robust financial performance underscores TSMC’s dominant position in supplying cutting-edge chips, particularly for artificial intelligence applications. The company maintains approximately 90% market share in the most advanced... Read more...