Taiwan Semiconductor Manufacturing Company (NYSE: TSM ) is the world's largest semiconductor foundry and its stock is 18% undervalued, according to my discounted cash flow analysis. Such a discount looks like a gift if we consider TSM's unique strategic positioning, cutting-edgeComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental a ...