Taiwan Semiconductor Manufacturing: AI Growth Play At A Reasonable Valuation

Group 1 - Taiwan Semiconductor Manufacturing Company (TSMC) has established itself as the world's leading and nearly monopolistic foundry for advanced semiconductor manufacturing processes [1] - TSMC's dominance in the semiconductor industry has created a landscape where chip manufacturing can be reliably outsourced to a single entity [1] Group 2 - The article emphasizes the importance of investing in companies within oligopolistic sectors that have high barriers to entry, highlighting TSMC as a prime example [1] - The author expresses a preference for mid- to long-term investment strategies focused on growth at a reasonable price, particularly in the semiconductor sector [1]