'TSMC Continues To Expand Its CoWoS Packaging Capacity, Despite Recent Market Rumors Suggesting Nvidia Has Scaled Back Its Orders With The Foundry For 2024, According To Industry Sources' - DigiTimes Alert
Portfolio Pulse from Benzinga Newsdesk
TSMC is reportedly expanding its CoWoS packaging capacity despite rumors that Nvidia has reduced its orders with the foundry for 2024, as per industry sources cited by DigiTimes.
January 09, 2024 | 2:29 pm
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NEUTRAL IMPACT
TSMC's expansion of CoWoS packaging capacity indicates growth and resilience, potentially offsetting concerns from Nvidia's rumored order reduction.
TSMC's expansion suggests a positive outlook and investment in growth, which may reassure investors despite rumors of reduced orders from a major client like Nvidia. The impact is neutral to slightly positive as the expansion could attract new business and compensate for any potential loss.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's rumored reduction in orders with TSMC for 2024 could indicate a strategic adjustment or a response to market demand, potentially affecting its stock.
The rumored decrease in orders from Nvidia could be seen as a negative signal regarding its future demand or strategic planning. This may concern investors about Nvidia's growth prospects, potentially leading to a short-term negative impact on its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70