Why Taiwan Semiconductor's Stock Is Trading Higher Today

Taiwan Semiconductor TSM shares are trading higher on Monday on reports the company's partner Apple Inc. AAPL is working on a new series of Mac processors, with plans to outperform Intel.

Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 50% market share in 2019 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997.

TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC.

Taiwan Semiconductor shares were up 3.22% at $107.07 at the time of publication. The stock has a 52-week high of $107.57 and a 52-week low of $42.70.