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Could TSMC Stock Help You Retire a Millionaire?

Could TSMC Stock Help You Retire a Millionaire?

Taiwan Semiconductor Manufacturing (NYSE: TSM) -- aka TSMC -- has made a lot of its investors rich since it publicly listed its ADR shares in the U.S. in 1997. If you had invested $33,000 in that initial offering, and reinvested your dividends over the years (after it started paying them in 2004), your TSMC holdings would be worth about $1.08 million today. Why did TSMC generate millionaire-making gains?