zAngus

$TSM:NYSE - TAIWAN SEMICONDUCTOR - Will it bounce?

Long
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Has been having a great run up around 60% over the last 12 months.$300 BILLION market cap and a $20 BILLION EBITDA it is a mega whale and hopefully over the next year the trade tensions between the US and China will continue to ease giving it more upside. It has been having a great run, but a bit of a recent pullback means it needs watching to make sure it rallies and continues its upward move. Could be worth a watch.

Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.

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