Chip shortage turnaround

The frim has never stopped its growth. According to experts analysis, it will continue to grow. A higher P/E ratio (31.9) compared to other major semiconductor firms (around 20), shows that investors are willing to pay a higher price because of growth expectations in the future.

Taiwan Semiconductor Manufacturing Co. is part of the so-called "stay at home" trade that has benefited from the health crisis, and while growth may slow down once the pandemic has ended, it is currently going strong and is the need for such stay-at-home options are still very much relevant

DUKE_WEST_CLUB_CAPITAL_II • Duke Emerging Market Portfolio Management (Fall 2021) • 11m Taiwan Semiconductors is the leading computer chip manufacturer in the world, which in the presence of an ongoing global chip shortage, TSM has as much demand as ever. TSMC produces roughly half of all semiconductors in the world, an remarkable share for one company. Its growth doesn't seem to be slowing down, and its stock should continue to perform well heading into the holiday season where an uptick in electronics purchases. There is some geopolitical risk from China over the Strait of Taiwan, but the global dependence on the company should defend against this should threats escalate further.

Creating initial portfolio with equal weights in the 20 largest technology companies by market cap.