In the case of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), however, the Bull case remains strong as always. The Bull CaseTaiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s Q2 net profit went up 77% year-over-year, reaching a record high of T$706.6 billion ($22 billion). Days later, Reuters and Bloomberg confirmed that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has finalized hikes in base prices between 5%-10% across advanced and mature nodes starting in 2027. Neither Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), QUALCOMM Incorporated (NASDAQ:QCOM), nor Beijing has confirmed the scope of this proposal, but the signal still matters. On the other hand, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has a trailing P/E in the range of 27x to 36x that sits above the company's own ten-year average.