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Thread: TSMC Now in Mainstream Investing

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    TSMC Now in Mainstream Investing

    I have been investing in TSMC for over twenty years and it is only recently that is on the radar of mainstream investors. I have always wondered why it took so long for people to wake up to a true one of a kind company led by dynamic leader and founder. I remember when Morris Chang retired for a while and business started to stumble and the engineers held a protest outside his house for him to come back and he did. Rarely has a leader of such age led a ground breaking company of such size. The one thing that distinguishes TSMC in all its dealing is its ethics, from finance, to customers, to investing. TSMC is absolutely one of the most ethical companies on the planet. I feel this time Morris Chang has carefully built a bench that will continue his legacy technically, financially and above all ethically. They also have built one of the greatest manufacturing IP development processes ever developed by any company in any field through a method of collaborating with suppliers and customers that is unmatched by anyone of such size and scope. It hasn't been my most lucrative investment, but among my most stable over many years. I feel TSMC owns the future both at the leading and trailing edge and in between also. This is because they know how to take bleeding edge IP and apply it to their older fabs, extending their economic life. A truly great company for employees, investors, customers and the world in general. Full disclosure, I have a sizable holding in TSMC, invest and trade it.

    Just added, Thomson Reuters just added TSMC to the top ten tech companies based on 28 different metrics joining a very exclusive club

    Forget Bitcoin. Cash Is TSMC's Real Future - Bloomberg

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    Last edited by Arthur Hanson; 01-22-2018 at 05:31 AM. Reason: addition
     

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    TSMC went up 3.8% today which I feel substantiates my position that TSM is now a mainstream stock. This is after a year of substantial gains.

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    I'm not convinced about TSMC being "one of the most ethical companies on the planet". Being a TSMC supplier is a nightmare, TSMC leads competing suppliers into an all-out price bidding war and applies some dubious practices to pretend that your competitor is outbidding you just to force you to drop your price further, and conducting comparative tests that are carried out in apples to oranges fashion. If fairness is part of ethics, TSMC is missing the mark by a large margin there...

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    Thanks for the information, my observations have been just from the customer end. I'll attempt to check out the supplier end.

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    Quote Originally Posted by jmlobert View Post
    I'm not convinced about TSMC being "one of the most ethical companies on the planet". Being a TSMC supplier is a nightmare, TSMC leads competing suppliers into an all-out price bidding war and applies some dubious practices to pretend that your competitor is outbidding you just to force you to drop your price further, and conducting comparative tests that are carried out in apples to oranges fashion. If fairness is part of ethics, TSMC is missing the mark by a large margin there...
    Sounds like Apple, or just about any large company with a supply chain department really.

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    Quote Originally Posted by jmlobert View Post
    I'm not convinced about TSMC being "one of the most ethical companies on the planet". Being a TSMC supplier is a nightmare, TSMC leads competing suppliers into an all-out price bidding war and applies some dubious practices to pretend that your competitor is outbidding you just to force you to drop your price further, and conducting comparative tests that are carried out in apples to oranges fashion. If fairness is part of ethics, TSMC is missing the mark by a large margin there...
    Most people are using the same "unethical" tactics you described in their daily life to negotiate better deals with their car dealers, kitchen remodeling contractors, or realtors, etc. Unless you think most of your friends and relatives are unethical?

    To me, it's unethical for a buyer (the person in charge of purchasing) not try to negotiate a best deal on behalf of his/her employer and shareholders. Also, it's unethical for a buyer to tell a vendor to use his/her brother-in-law's trucking company or pay his/her family's vacation in Caribbean.

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