Jim Cramer Says Taiwan Semiconductor Manufacturing Company (TSM) Is A “National Treasure”

We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks Jim Cramer recently discussed.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the most important companies in the world due to its dominance in the semiconductor fabrication industry. Apart from Samsung, it is the only company in the world capable of manufacturing advanced chips based on the 2-nanometer technology consistently and with high yields for external customer use. As a result, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) enjoys the confidence of Apple, NVIDIA, AMD, and other technology giants. In this episode, Cramer remarked that he believed the shares should have jumped higher after Oracle’s latest quarterly earnings report:

“Taiwan Semi which is in the mix would be up more.

“Those guys are fantastic. It’s a national treasure. . .”

Cramer had previously discussed Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on September 2nd and commented on its financials:

“TSM’s balance sheet is better than the US government’s. What a balance sheet. They don’t need it. Look if the government’s gonna, if there’s a Chinese problem where they are about to like shell Taiwan, they’re gonna need government help. Taiwan Semi did not need the money.”

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Disclosure: None. This article is originally published at Insider Monkey.