We are starting off decisively: We think Taiwan Semiconductor Manufacturing Company or TSMC is the best semiconductor stock to buy. Here’s why we think so. 1) TSMC is perhaps The World’s Most Important Company TSMC created the semiconductor dedicated foundry business model when it was founded in 1987. TSMC manufactures more than 12,000 products for various applications covering a variety of end markets including smartphones, high performance computing, the Internet of Things (IoT), automotive, and digital consumer electronics. TSMC is the most valuable semiconductor company in the world and also the largest foundry in the world, producing 53.6% of the world’s semiconductor chips by revenue with Samsung a distant second at 16.3% and UMC at 6.9%. Chinese semiconductors SMIC and Hua Hong Semi are at 5.6% and 3.2% respectively. In addition, market analysts estimates that TSMC now manufactures more than 90% of the advanced chips supply in Taiwan as opposed to ten years ago where Intel was the world’s leading chip maker but that is no