Monday, July 8, 2013

Investopedia: Reports Of TSMC's Imminent Demise May Be Greatly Exaggerated

There's really no such thing as “steady state” in the semiconductor industry, and fab operator Taiwan Semiconductor (NYSE:TSM) (aka “TSMC”) has the need to always stay on the leading edge of what its customers need and want in terms of chip manufacturing technology/capabilities. In addition to that constant pressure of migrating to the next generation, TSMC is facing the entrance of a major potential rival – Intel (Nasdaq:INTC).

While I think Intel's technological capabilities are not to be underestimated, the assumption that TSMC is in serious trouble seems misplaced. That isn't necessarily to say that the shares are cheap right now, but I see TSMC as a share-gainer in the fab space for the foreseeable future.

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