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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