Taiwan Semiconductor Manufacturing Company Limited (TSM) Has A Better Balance Sheet Than The US Government, Says JIm Cramer

We recently published 9 Stocks On Jim Cramer’s Radar . 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, particularly during today’s AI race. The firm’s importance stems from the fact that it holds the lion’s share in the leading-edge chip fabrication market and is a key NVIDIA GPU supplier. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares have gained 14.5% year-to-date, and Cramer’s previous comments about the firm have called the stock a proxy for NVIDIA. This time, he discussed Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s balance sheet in the context of Intel receiving funds from the US government:

“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.”

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

Here are Cramer’s previous comments about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM):

”Yeah look, Taiwan Semi reports overnight. It’s an unbelievably good number but understand it’s really unbelievably good number because of high performance computing. In other words, it’s a good number because of NVIDIA.

“[Whether he was thrown off by a warning about Q3 margin]. Not at all. Not at all. I think that this is a company that still uses classic underperform, overdeliver. I meant underpromise, overdeliver.”

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