Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) closed at $422.25 on October 15. The stock has returned 16.21% over the last six months, compared to a 15.4% return for the Insider Monkey Billionaire Index and 11.4% for the State Street SPDR S&P 500 ETF Trust. Taiwan Semiconductor does not design chips. It builds them for the companies that do. Nvidia, Apple, Broadcom and most of the names associated with artificial intelligence send their designs here and take finished silicon away. That makes it the one company in the industry almost nobody can route around. It reported third-quarter results on October 15, and they were the strongest in the company's history.
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