TSMC Has Never Been So Dominant as Apple Orders Boost Profit
- Company is outperforming global peers by most on record
- TSMC accounts for 16% of Taiwan bourse’s market value
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Taiwan Semiconductor Manufacturing Co. is on a roll.
The world’s largest contract chipmaker has surged 32 percent in 2016, climbing to its highest level versus MSCI Inc.’s global gauge of technology stocks on record. The $156 billion company now accounts for 16 percent of Taiwan’s entire equity market value, the biggest proportion according to data stretching back 13 years, and none of the 33 analysts who cover it recommend selling the shares.