"Nvidia Has Placed Orders With TSMC For Its China-Bound AI Processors That Necessitate SHR. The Commencement Of Fulfillment Is Planned For The First Quarter Of 2024, According To Industry Sources." - DigiTimes Alert
Portfolio Pulse from Benzinga Newsdesk
Nvidia has reportedly placed orders with TSMC for AI processors destined for China, which require SHR technology. Fulfillment is expected to begin in Q1 2024, as per industry sources cited by DigiTimes.

December 13, 2023 | 1:57 pm
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POSITIVE IMPACT
Nvidia's order with TSMC for AI processors indicates a strategic move to expand its presence in the Chinese market, potentially boosting future revenues.
The news of Nvidia placing orders for AI processors with TSMC suggests a positive outlook for Nvidia's expansion in China, which could lead to increased demand and higher revenues for the company. This anticipation of growth is likely to have a favorable impact on Nvidia's stock in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
TSMC's receipt of orders from Nvidia for AI processors may lead to increased production activity and revenue, reinforcing its position as a key player in semiconductor manufacturing.
TSMC's role as the manufacturer for Nvidia's AI processors is a testament to its capabilities and may result in increased utilization of its facilities. This could positively influence TSMC's revenue and profitability, thus potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60