/biz/ - Business & Finance

>>20270366
nobody likes TSM because "Taiwan".

TSMC revenues for June 2020 were NT$120.9B (US$4.1B), an increase of 28.8 percent from May 2020, and an increase of 40.8 percent from June 2019. Revenues for January through June 2020 totaled NT$621.3B (US$21.1B), an increase of 35.2 percent compared to the same period in 2019.
With prices nearly touching $65 yesterday and the company reporting impressive revenue and sales numbers in June, nothing but a bullish pick.

We know that Apple cancels Macbook chips from Intel. Only TSMC and Samsung have the ability to manufacture technology level for Apple. Samsung is a COMPETITOR on smart phones for Apple. TSMC just had capacity open up with loss of Huawei.

With the case for 5G strengthening , it's no doubt TSM is bullish choice and is a rapidly growing company. Also pays a nice dividend..
As well, Danish wind giant Ørsted announced today that Taiwan Semiconductor Manufacturing Co. (TSMC) has agreed to buy the entire power production from Ørsted’s third offshore wind farm in Taiwan. It’s the world’s biggest corporate green energy order. Green business is always great PR and attracts the likes of Google, Facebook