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Taiwanese Stocks to Watch Under President-Elect Trump

TheStreet highlights six stocks to watch after President-elect Donald Trump's call to Taiwan.

Following President-elect Donald Trump's call to the Taiwanese president more than a week ago, marking an unexpected departure from long-standing diplomatic policy, there are six Taiwanese stocks to watch. Real Money contributor Alex McMillian says the key Taiwanese stocks to watch if Trump draws the U.S. relations closer to Taiwan are the chipmakers, particularly Taiwan Semiconductor (TSM) - Get Report and Semiconductor Manufacturing International (SMI) . As far as cross-Strait relations go, Hon Hai Precision Industry (HNHPF) , better known as Foxconn Technology Group. It is the world's largest contract manufacturer of electronics, making parts for Apple's iPhone among other products. Other stocks McMillian is keeping an eye on are MediaTek (MDTKF) , the largest chip supplier for smartphones on the mainland, and Phison Electronics, a designer of integrated circuits.

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