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Taiwan Semiconductor Manufacturing (TSM) — chart, structure and Closelook read

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Company snapshot — Taiwan Semiconductor Manufacturing

TSM in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Taiwan Semiconductor Manufacturing builds integrated circuits and other semiconductor devices to order for the companies that design them, rather than selling chips under its own brand. It runs wafer fabrication across several process types, plus packaging, testing and mask-making, and its output ends up in high-performance computing, smartphones, connected devices, cars and consumer electronics. It is headquartered in Hsinchu City, Taiwan.
Where it sits in the stack
In our index, the Rubin Build-Out 100, TSM sits in Layer 2, Fabrication, within the Foundry & Integration sleeve — the group that turns finished chip designs into working dies. This sleeve is where capacity itself is the binding constraint on the build-out, since a design cannot ship faster than a foundry slot allows; TSM is the largest customer relationship for nearly every fabless chip designer in the stack.
Who it is priced against
Closelook's peer group for TSM is built from Foundries: Intel, Samsung Electronics, Globalfoundries and United Microelectronics, the names the market prices it against on capacity and process node.
Why Closelook tracks it
TSM is a constituent of the Rubin Build-Out 100 and carries a Closelook score across three modules, with quality reading strongest and momentum weakest. The diary has returned to it repeatedly across dossiers and reports that frame it as the constrained point in the chip supply chain.
What the diary watches
The diary watches utilisation on the newest process nodes and whether packaging capacity keeps pace with demand for the AI accelerators that depend on it, since either would change how tight the constraint reads.

Taiwan Semiconductor Manufacturing (TSM) trades on US exchanges in Taiwan, classified under Technology, and sits in Layer 2 of the build-out stack. Constituent of Rubin Build-Out 100.

The Closelook company score reads 69/100 composite (momentum 63, quality 86, valuation 69) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: TSM news on the tape · index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for TSM, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 2 analyst actions on the wire · latest: price target by Stifel, 2026-09-01

The Street on this name

Analyst actions and the latest print for TSM from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target Stifel — target 515 Target set to $515 (+24.4% to spot) 2026-09-01
  • Initiation UBS — at Buy Initiated to Buy from Buy 2026-09-01

2 actions on the analyst wire since 2026-08-13: 1 initiation, 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Foundries · 5 names with week and year-to-date

Peer group

Foundries

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against TSM on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Versus its index Rubin Build-Out 100 — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelook index and its own sleeve — equal-weight, nightly closes.

Rubin Build-Out 100 · as of 2026-09-16

DayWeekMonth3 months
TSM+1.2%−4.1%−3.1%−1.9%
Foundry & Integration+1.6%−6.8%−14.6%—
Rubin Build-Out 100+1.9%−5.3%−7.4%—

Against the index: 1.2 pts ahead on the week, 4.3 pts ahead on the month; against its Foundry & Integration sleeve 11.5 pts ahead on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 45/100 · S&P 500 fund at 42, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-16
  • Factor regime Momentum leadership cooling, still above trendMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 91th percentile of the window, -0.7% over 20 sessions. Factor regime → 2026-09-16
  • Sector × region Technology in emerging markets: −4.0% week · −1.7% month · −1.6% quarter · +28.0% year (approximated)The Sector Engine cell this name lives in, from EM:CN+TW+IN+KR+BR+SA+MX+ZA+ID+TH+MY+OTHER; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-16
  • Sovereign pressure Index 0.17 · up 0.22 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-16

FAQ · from the current data · as of 2026-09-17

Quick answers

What is Taiwan Semiconductor Manufacturing (TSM)?

Taiwan Semiconductor Manufacturing trades as TSM on the US exchange (Taiwan) and is classified under Technology in the Closelook research universe, as of the registry build of 2026-09-17.

Is TSM in a Closelook index?

Yes — Taiwan Semiconductor Manufacturing is a constituent of Rubin Build-Out 100, as of 2026-09-17.

What is Taiwan Semiconductor Manufacturing's Closelook composite score?

69 out of 100, with momentum 63, quality 86 and valuation 69 sub-scores, as of 2026-09-17. Scores are Closelook's own research readings, not ratings or investment advice.

What is Taiwan Semiconductor Manufacturing's earnings print record?

Across the 10 prints Closelook covers, Taiwan Semiconductor Manufacturing beat EPS estimates 9 times and revenue estimates 10 times; the three-day reactions split 2 up, 5 flat and 3 down (moves beyond ±3%), as of the 2026-07-16 card. The full print-record card carries the per-print history.

Where does TSM trade against its moving averages?

Widest analyst gap: 12.8% off its high — yet the $578 consensus implies +38.5%. As of 2026-09-16 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

How is TSM doing against its Closelook index?

Over the past month Taiwan Semiconductor Manufacturing is −3.1% against −7.4% for the Rubin Build-Out 100 — 4.3 points ahead of its index, as of 2026-09-16. Its Foundry & Integration sleeve is −14.6% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

What does Taiwan Semiconductor Manufacturing do?

Taiwan Semiconductor Manufacturing builds integrated circuits and other semiconductor devices to order for the companies that design them, rather than selling chips under its own brand. It runs wafer fabrication across several process types, plus packaging, testing and mask-making, and its output ends up in high-performance computing, smartphones, connected devices, cars and consumer electronics. It is headquartered in Hsinchu City, Taiwan. Closelook's peer group for TSM is built from Foundries: Intel, Samsung Electronics, Globalfoundries and United Microelectronics, the names the market prices it against on capacity and process node.

Where does Taiwan Semiconductor Manufacturing sit in the AI build-out?

In our index, the Rubin Build-Out 100, TSM sits in Layer 2, Fabrication, within the Foundry & Integration sleeve — the group that turns finished chip designs into working dies. This sleeve is where capacity itself is the binding constraint on the build-out, since a design cannot ship faster than a foundry slot allows; TSM is the largest customer relationship for nearly every fabless chip designer in the stack. TSM is a constituent of the Rubin Build-Out 100 and carries a Closelook score across three modules, with quality reading strongest and momentum weakest. The diary has returned to it repeatedly across dossiers and reports that frame it as the constrained point in the chip supply chain.

What has Wall Street done on Taiwan Semiconductor Manufacturing recently?

The most recent analyst action on Taiwan Semiconductor Manufacturing on the Closelook wire is a price target by Stifel on 2026-09-01 (target 515). 2 actions on the analyst wire since 2026-08-13: 1 initiation, 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

Where has Closelook written about Taiwan Semiconductor Manufacturing?

Taiwan Semiconductor Manufacturing appears in 21 Closelook pieces, most recently Midday 10: Fed day — relief before the decision: 10-year 4.96%, Brent under $107.63, chips reclaim $505, Nasdaq-100 above $708.69 (2026-09-16); Midday 10: Rates — the 10-year hits 5.01%: Dow −0.9%, Russell −1.2%, the AI sort pauses, Oracle and Adobe hold their lines (2026-09-15); Report: AI Economy — Three Futures for 2030, and the One the Model Leaves Out (2026-09-14). What Closelook said most recently: How we hold it TSM is a constituent of the Rubin Build-Out 100 ; the print record carries its reaction history, and the stock page the live structure. (Report, 2026-08-13). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for TSM, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Mentioned on Closelook 21 pieces · newest: Midday 10, “Fed day — relief before the decision: 10-year 4.96%, Brent under $107.63, chips reclaim $505, Nasdaq-100 above $708.69” (2026-09-16)

Mentioned on Closelook

Where TSM appears in the diary — 21 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

101 and glossary

Dailies

Related in the Closelook universe