While sluggish PC sales have socked Intel's (NASDAQ:INTC) results, Taiwan Semiconductor Manufacturing (NYSE:TSM), 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.

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