Brandon LIM presents a "BUY" recommendation for TSMC based on the company's established dominance allowing it to benefit from structural tailwinds and current fearful conditions leading to mispricing.
Like to add that the core of a foundry business is trust and no one has done this better than TSMC has.
Trust that TSMC will not compete with you as Samsung did with Apple for the smartphone. Trust that TSMC will deliver on execution as Dr. Morris Chang always emphasized on promising what they can deliver. Trust that TSMC will not share your design with your competitor.
Hey, Brandon here - the author of the article. Thanks for the comment, perfectly agree with you on TSMC's relationships with customers being such a strong driving force to their success. The business is here to stay as the customers are very loyal. Thanks for reading, your substack looks cool too, will check it out!
Great job here.
Like to add that the core of a foundry business is trust and no one has done this better than TSMC has.
Trust that TSMC will not compete with you as Samsung did with Apple for the smartphone. Trust that TSMC will deliver on execution as Dr. Morris Chang always emphasized on promising what they can deliver. Trust that TSMC will not share your design with your competitor.
Hey, Brandon here - the author of the article. Thanks for the comment, perfectly agree with you on TSMC's relationships with customers being such a strong driving force to their success. The business is here to stay as the customers are very loyal. Thanks for reading, your substack looks cool too, will check it out!
Highly recommend you to read Morris Chang autobiography if you want to understand more about TSMC