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Taiwan Semiconductor Manufacturing Corporation ($TSM, $113.66): Conducting Moore’s Orchestra

Key Takeaways

Taiwan Semiconductor Corporation ($TSM) is one of the most important and also competitively dominant companies on Earth. It’s competitive advantage has likely only just begun.We see the primary risk of a military conflict over Taiwan as diminishing as the United States coalesces around Chinese containment. Furthermore, China’s military still seems years away from being able to succesfully and confidently conduct such an operation.The domestic pressures building in China are like...

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