The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss emerging trends in technology.

In today's edition, Eric and Jeremy discuss why buying the 800-pound gorilla of the contract chip manufacturing space, Taiwan Semiconductor, could be a top buy in the chip sector. The company is a leader in an increasingly consolidating space, which, after the buyout of rival Chartered Semiconductor by GlobalFoundries, only continues to consolidate. Looking at its competitive position, attractive dividend yield, and valuation, Eric thinks it's a top buy for chip investors.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.