The following are notes from Lone Pine's presentation at the 29th Annual 2024 New York Sohn Investment Conference, which took place on April 3rd, 2024.
Kevin Salimian from Lone Pine Capital discussed the potential of TSMC with the current surge in the AI and chip industry. It is a part of their portfolio but they may change this status at any time.
TSMC is the largest semiconductor foundry in the world. They are making semiconductors and chips for AMD, Nvidia, Qualcomm, and other companies that are using fiber optics.
Their thesis is that the company’s revenue from AI will multiply in the next several years.
Currently, 27% of the produced chips value drops on traditional...
