What's Going On With Taiwan Semi Stock On Thursday?
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has received approval to construct its third 2nm fab in Kaohsiung, expanding its regional footprint. This move aims to meet the growing demand for AI chips, particularly from Nvidia (NASDAQ:NVDA). TSMC's key customers, including Apple (NASDAQ:AAPL), Qualcomm (NASDAQ:QCOM), and Advanced Micro Devices (NASDAQ:AMD), have nearly booked its 3nm process to capacity through 2026. Analysts predict a rise in chip manufacturing prices and potential revenue guidance increases for TSMC.
June 27, 2024 | 1:34 pm
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POSITIVE IMPACT
Apple (AAPL) is a key customer of TSMC, with significant bookings for TSMC's 3nm process. The new 2nm fab could ensure a stable supply of advanced chips for Apple, potentially benefiting its product development and stock price.
TSMC's new fab could ensure a stable supply of advanced chips for Apple, potentially benefiting its product development and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Advanced Micro Devices (AMD) is a key customer of TSMC, with significant bookings for TSMC's 3nm process. The new 2nm fab could ensure a stable supply of advanced chips for AMD, potentially benefiting its product development and stock price.
TSMC's new fab could ensure a stable supply of advanced chips for AMD, potentially benefiting its product development and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Nvidia (NVDA) is a key customer of TSMC, with high demand for its Blackwell-series AI chips. TSMC's new 2nm fab aims to meet this demand, which could positively impact Nvidia's supply chain and stock price.
TSMC's new fab aims to meet the high demand for Nvidia's AI chips, which could improve Nvidia's supply chain and positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Qualcomm (QCOM) is a key customer of TSMC, with significant bookings for TSMC's 3nm process. The new 2nm fab could ensure a stable supply of advanced chips for Qualcomm, potentially benefiting its product development and stock price.
TSMC's new fab could ensure a stable supply of advanced chips for Qualcomm, potentially benefiting its product development and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co (TSM) has received approval to construct a new 2nm fab in Kaohsiung, aiming to meet the growing demand for AI chips. Analysts predict higher chip manufacturing prices and potential revenue guidance increases.
The approval for a new 2nm fab indicates TSMC's proactive steps to meet increasing AI chip demand, which is likely to positively impact its stock price. Analysts' predictions of higher chip prices and potential revenue guidance increases further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100