The chipmaker posted record profit, forecast strong fourth-quarter revenue and expects to raise investment. One analysis estimates the stock could nearly triple by 2030 under assumptions of continued growth and a 25-times earnings valuation.
TSMC (Taiwan Semiconductor Manufacturing Company), headquartered in Hsinchu, Taiwan, is the world's largest contract semiconductor manufacturer. It does not produce its own branded products, specializing in manufacturing chips designed by its customers. The company utilizes state-of-the-art manufacturing processes…