This Might Be the Best Chip Stock Right Now

By Tim Beyers – Nov 12, 2012 at 4:32PM

NASDAQ: INTC

Intel

Market Cap

$83B

Today's Change

(-1.43%) -$0.28

Current Price

$19.36

Price as of September 12, 2024, 4:00 p.m. ET

Taiwan Semiconductor reports record sales in October.

While sluggish PC sales have socked Intel's (INTC -1.43%) results, Taiwan Semiconductor Manufacturing (TSM 1.08%), the world's largest contract manufacturer of processors, is enjoying a banner year thanks to rising interest in smart mobile devices. October sales rose 32%, building on strength revealed in the company's third-quarter report.

And yet momentum is very different from technical advantage. Taiwan Semiconductor is the fortunate company that possesses both, much to the delight of its investors. Find out more in the video below.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple and Taiwan Semiconductor at the time of publication. Check out Tim's web home, portfolio holdings and Foolish writings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool owns shares of Apple, Qualcomm, and Intel. Motley Fool newsletter services have recommended buying shares of NVIDIA, Intel, and Apple. Motley Fool newsletter services have recommended writing puts on Intel and NVIDIA. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.