ASML Stock Drops As Key Supplier TSMC Reportedly Postpone Deliveries Amidst Industry Demand Concerns
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSMC) has instructed suppliers to postpone the delivery of high-end chipmaking equipment due to concerns about customer demand. This decision affects companies like ASML Holding N.V., a manufacturer of lithography equipment crucial for high-end chipmaking. TSMC's decision aligns with its efforts to control costs amidst evolving market conditions. The company has also postponed production at its Arizona plant to 2025 due to recruitment difficulties and union opposition. Other players, including Apple, have echoed concerns about the chip industry's demand rebound.
September 15, 2023 | 9:38 am
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NEGATIVE IMPACT
Apple's cautious approach to the smartphone market slowdown could impact its stock.
Apple's cautious approach to the smartphone market slowdown and concerns about the chip industry's demand rebound could lead to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
ASML could be negatively impacted by TSMC's decision to postpone deliveries.
ASML, as a supplier to TSMC, could see a negative impact on its stock price due to TSMC's decision to postpone deliveries.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia could be indirectly affected by TSMC's decision to postpone deliveries.
Nvidia, as a customer of TSMC, could be indirectly affected by TSMC's decision to postpone deliveries, potentially leading to a decrease in its stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
TSMC's decision to postpone deliveries and production could negatively impact its stock in the short term.
TSMC's decision to postpone deliveries and production due to demand concerns and labor issues could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100