Hello friends,

As we ease into the long weekend, I would like to do a review on TSMC. Previously, I did a short introduction of the company (here). Since then, there were some rather significant developments to the semiconductor scene – rather positive ones for me personally.

Firstly, TSMC’s earnings release were above expectations. And overall revenue increase by 28% yoy and net income by 81% yoy. I think this came in rather expectedly due to the production capacity of TSMC being fully booked. I believed the stock price then was already priced in for the earnings hence there wasn’t much movement in the price despite the better than expected results.

Second, the recent issue of Intel’s failure to meet its demand due to shortage of supplies gave TSMC an even further boost – in two ways. I briefly talked about this problem of Intel in