Here’s What Sets Taiwan Semiconductor Manufacturing Company Limited (TSM) Apart from Competitors

10 months ago 56

Soumya Eswaran

Tue, December 9, 2025 astatine 7:56 AM CST 3 min read

Giverny Capital Asset Management, LLC, an concern absorption company, precocious published its third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The portfolio generated bully results successful the 3rd 4th and returned 6.78% compared to 8.12% for the S&P 500. YTD, the money returned 12.57% compared to 14.83% for the index. Additionally, you tin reappraisal the fund’s apical 5 holdings to spot its champion picks for 2025.

In its third-quarter 2025 capitalist letter, Giverny Capital Asset Management highlighted stocks specified arsenic Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and different semiconductor devices. The one-month instrumentality of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) was 3.67%, and its shares gained 57.27% of their worth implicit the past 52 weeks. On December 08, 2025, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) banal closed astatine $301.87 per share, with a marketplace capitalization of $1.566 trillion.

Giverny Capital Asset Management stated the pursuing regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) successful its 3rd 4th 2025 capitalist letter:

"During the quarter, we initiated a 3.5% presumption successful Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), the world's foremost semiconductor manufacturer. Since its founding by erstwhile Texas Instruments enforcement Morris Chang successful 1987, Taiwan Semi has operated arsenic a foundry, making chips designed by others. This was a antithetic exemplary from Intel, which some designed and manufactured its ain chips. Intel has been a large institution for decades, but yet it fell down connected the implementation of EUV lithography, which has go array stakes exertion for spot manufacturers.