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The company has been benefiting from a huge appetite for new chips and with the global chip shortage expected to continue for another year, that appetite should only grow. TSM has also gotten a boost from automakers as 49% of its sales went to automakers, with the segment rising 87% year-over-year in the most recent quarter.
While the company has $5 billion in short term debt, its cash balance of $31.5 billion is more than enough to cover that debt, leading to a Quality Grade of B in our POWR Ratings system. In terms of growth, EPS was up 19.2% year over year in the second quarter and is expected to rise 18% for the year.
