Seeking Alpha

Sanford Bernstein's Mark Li is initiating coverage on TSMC (TSM), the world's largest chip...

Sanford Bernstein's Mark Li is initiating coverage on TSMC (TSM), the world's largest chip foundry, with a Buy rating. Li thinks TSMC, whose client list includes Qualcomm (QCOM), Broadcom (BRCM), OmniVision (OVTI), and perhaps soon Apple (AAPL), is much better-positioned than competitors to gain from smartphone and tablet demand.
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