When you're the industry leader by a large margin, growth is on your side.

Semiconductors (chips) are kind of like the unsung heroes of the tech world. You don't see them, yet they're the brains that power almost every electronic device that we interact with daily. And there's nobody better at manufacturing semiconductors than the appropriately named Taiwan Semiconductor Manufacturing Company ( TSM -1.17% ) , also known as TSMC.

TSMC is the world's leading semiconductor foundry by a large margin. It has around a 70% market share, while second-place Samsung 's market share is only around 7%. The foundry model means that TSMC doesn't make chips for general sale. Instead, companies will design the chips they need for their products, and TSMC will use its manufacturing ability to

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