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Taiwan Semiconductor Outshines the Competition

Company continues to innovate with cutting-edge new chip offerings and a commanding lead in production capacity

The semiconductor industry is notoriously cyclical. That cycle is currently at a low point; according to the Semiconductor Industry Association, semiconductor sales worldwide dropped 16% in July from the previous year.

However, there are signs of a rebound. Even though sales may be momentarily depressed, the sector has still outperformed this year. As of late September, the iShares PHLX Semiconductor exchange-traded fund has gained 34%, beating the 18% increase in the S&P 500 over the same period.

There is one company that has relative immunity from

About the author:

John Kinsellagh is a freelance writer, former financial adviser and attorney specializing in civil litigation and securities law. He completed the Boston Security Analysts Society course on investment analysis and portfolio management. He has served as an arbitrator for FINRA for over 25 years resolving disputes within the financial services industry. He writes primarily on financial markets, legal and regulatory issues that impact the investment community, and personal finance.

This article appeared on Yahoo Finance

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