TSMC reports strong revenue growth and expands global operations

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading chip manufacturer with a market cap of about $1 trillion. It produces over half of the world's third-party chips and 90% of advanced chips, serving major clients like Apple, Nvidia, and AMD. Recent results show TSMC's revenue grew 39% to $23.5 billion in the third quarter, with a net income of $10.1 billion. The company is expanding globally, with new plants in Arizona, Germany, and Japan, reducing its reliance on Taiwan amid geopolitical risks. TSMC's strong competitive position and growth potential make it an attractive investment. It currently has a price-to-earnings ratio of 31, which is considered reasonable given its rapid growth and profitability.