If one is a technology sector investor, especially among the hype of artificial intelligence (AI), one monthly report would likely be of interest to those vested. That report is the monthly revenue report of Taiwan Semiconductor Manufacturing Company, better known as TSMC. Screenshot taken from TSMC 2020 Annual Report cover While monthly reporting is a rarity in the United States or in our local markets, it is a mandatory requirement imposed on companies listed in Taiwan. With TSMC being bounded by this rule, and its importance in producing the chips powering the technology sector/industry and the current AI trend, the reports come in useful as a leading indicator of its clients’ potential earnings. TSMC’s customer base is relatively concentrated on a few players that we know: Apple, Nvidia, Broadcom, etc., and these companies are driving the AI narrative. Hence, an increase in TSMC revenue means that the customers are demanding more of its manufactured chips, right?...