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Asian companies are fast becoming global giants

Taiwan Semiconductor Mfg. is catching the eye of international investors.

HONG KONG Fidelity International has had its eye on Taiwan Semiconductor Mfg. (TSMC), the world's largest contract chip manufacturer, for a long time.

     According to U.S. research company S&P Capital IQ, Fidelity began boosting its holdings in TSMC in 2006 and now owns just under 1% of the company's outstanding shares. It is a move that mirrors Fidelity's -- and the larger investing world's -- growing excitement over opportunities in Asia.

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