Taiwan Semiconductor Manufacturing Company Limited
Trillion-dollar

Last price: $453.30 Updated: 4 hours ago 52w range: $266.82 to $487.47 52w change: 69.89% to -7.01% Forward PE: 20.674932 Trailing EPS: 13.76 50d average: $431.47 (5%) 200d average: $390.97 (16%)
Open: $464.21 Previous close: $457.99 Change: -$4.69 (-1.02%) Day high: $464.83 Day low: $449.75 Volume: 8.35 million Avg. vol 3m: 11.34 million
Cap: 2.35 trillion NYSE NYSE:TSM Shares outstanding: 5.2 billion Price hint: 2 Price to book: 93.32375 Annual dividend rate: 26.00 Annual dividend yield: 0.06 $0.96 dividend 3 months ago

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Summary (retrieved 3 weeks ago)

TSM

Taiwan Semiconductor Manufacturing Company Limited is the world’s leading pure-play semiconductor foundry. It manufactures chips designed by other companies rather than selling many chips under its own brand, which makes it core infrastructure for smartphones, PCs, AI accelerators, networking gear, autos, and industrial electronics.

Its business makes money by charging customers for wafer fabrication, especially at advanced process nodes where performance, power efficiency, and yield matter most. That model tends to produce strong economics because the company benefits from scale, deep process know-how, and very high switching costs once customers commit key products to a manufacturing platform.

Business quality is exceptionally high. TSMC’s edge comes from technology leadership, manufacturing execution, customer trust, and the enormous capital barrier required to compete. The stock’s stored figures suggest investors already recognize that quality: the shares trade at 31.41x trailing earnings, above many traditional industrial firms, while sitting near the 50-day average of 269.37 and above the 200-day average of 244.78, which points to a still-favorable medium-term trend.

At 270.75, the stock is below its 52-week high of 308.03 but well above its 52-week low of 169.30, so the market is not pricing it as distressed. A market cap of 11.23 trillion reflects enormous scale. EPS of 8.62 supports profitability, while the listed dividend yield of 9.38% and dividend rate of R$26.00 make the shares screen as income-generative on these stored figures.

The main challenge is that this is a great company operating in a demanding, cyclical, and geopolitically sensitive industry. Semiconductor demand can swing, customers can become concentrated in a few large accounts, and each new process generation requires massive capital spending. Even a top-tier business can be a mediocre investment if bought at too rich a valuation, so the key question is not whether TSMC is excellent—it is whether current expectations already capture most of that excellence.